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£260,000
Bedrooms
Bathrooms
2 bedroom semi-detached bungalow with good sized conservatory, attractive enclosed rear garden, ample parking and garage situated in a popular residential area in Seaton within walking distance of the local amenities.
22 Scalwell Mead is a semi-detached bungalow situated in a popular residential area within walking distance of the local amenities and is close to the hail and stop bus stop. The property benefits from a good sized conservatory to the rear of the property, gas fired heating and double glazing throughout.
NB- This property is of steel framed construction.
An external porch with front door opens to the L-shaped entrance hall with deep shelved storage cupboard and a glazed door opens to the living room/dining room which is a bright and sunny room with floor-to-ceiling windows to the front overlooking the front garden, wood effect flooring and coal effect gas fire. The kitchen is fully fitted with a matching range of wooden, base and wall units with an electric hob with oven under and extractor over. In addition, there are marble effect work tops with sink, an alcove housing the wall-mounted Worcester boiler with space for appliances underneath, space and plumbing for washing machine, an additional deep shelved storage cupboard and a window overlooking the front garden. The bungalow has two double bedrooms located at the rear of the property. Bedroom one is a particularly spacious double bedroom, and both bedrooms have doors opening up to a sizable conservatory which spans almost the whole width of the bungalow. This room has wood effect flooring and windows all around with double French doors opening to the rear garden. In addition, there is a bathroom which comprises a white suite with a panelled bath, WC and wash basin with part tiled walls.
Outside: At the front of the bungalow is a long access driveway which leads to a single garage with parking for three cars with an additional gravelled area to the front providing more parking which is surrounded by mature shrubs. At the rear there is a pathway with a couple of steps leading up to the good-sized garden which is predominantly paved for ease of maintenance with mature flower and shrub beds and borders with rear shed and stone walling to rear which provides a rockery area. A side access gate opens to the front of the garage with power, light and up-and-over door.
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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.
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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