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£350,000
Bedrooms
Bathrooms
Detached two-bedroom bungalow with south facing garden and garage, located in a popular residential area of Seaton.
The Property:
30 Boundary Park is a well presented two bedroom detached bungalow situated in a quiet cul-de-sac location on a popular development on the outskirts of town. The property is situated on the local hail-and-stop bus route to town and is nearby to the local convenience store as well as a short walk from the local doctors surgery and primary school.
An external front porch with sliding door leads through to the inner front door into the entrance hallway where there is a cloakroom cupboard and an airing cupboard housing the gas central heating boiler.
The living/dining room is central to the bungalow and benefits from two solar light tubes affording additional light. A sliding patio door leads from the living space into the conservatory with fitted blinds and fan with doors opening onto the garden.
The contemporary kitchen is fully fitted with a range of matching white gloss base and wall units, black gloss worktops with inset sink, built in electric oven with ceramic hob and extractor over and built in dishwasher. There is also an integrated fridge freezer and space/plumbing for a washing machine.
The property benefits from two bedrooms- bedroom 1 is a well-proportioned double room with built in wardrobes with sliding mirror doors, whilst bedroom 2 is slightly smaller with built in storage and bay window to front.
There is a fully fitted shower room which is part tiled with laminate flooring, walk in shower, WC and vanity unit with wash hand basin. The property benefits from uPVC double glazing throughout and is being sold with no onward chain.
Outside: To the front of the property is a pretty lawned garden interspersed with mature flowering shrubs. A block paved driveway provides ample parking for several vehicles in front of the detached single garage. An ornate iron gate to the side of the bungalow provides access to the attractive low maintenance rear garden which is south facing and has been laid out for ease of maintenance. Most of the garden is laid to paving which flows from the area immediately adjacent to the conservatory with a perimeter of attractive perennial flower beds and a wooden fence border. Behind the garage is a hardstanding area/bin store and there is an outside tap.
Garage: There is a detached single garage with electric roller door, power, light and pedestrian door to the rear garden.
Council Tax: We are advised that this property is in council tax band C. East Devon District Council.
Services: We are advised that all mains services are connected.
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Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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