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£350,000
Bedrooms
Bathrooms
3 bedroom detached bungalow situated in a quiet residential area with garage, parking and easy to maintain garden.
31 Scalwell Mead is a detached three bedroom bungalow occupying the corner plot in a quiet and popular residential area of Seaton. Scalwell Mead is just over a mile from the town centre and seafront and is close to the hourly hail and stop bus route and with a 'convenience' store in nearby Drovers Way and just a short walk to the local primary school, nursery and GP surgery.
Since purchasing the property, the current vendor has made improvements throughout including new carpets and flooring, the installation of a new gas central heating combination boiler in 2022, the installation of a contemporary gas fire to the living room, works to incorporate the cloakroom and shower room into one room and redecoration. Works have also been carried out to the exterior with the extension of the parking area and works to make the front and rear gardens more low maintenance. An external door leads into the porch with internal front
door into the entrance hallway which flows through to the rear of the bungalow where there is a side door out to the rear garden and garage. In addition, there is a large airing cupboard housing the gas central heating boiler.
A door opens into the living and dining room which has a large picture window to the front, alongside a feature contemporary inset gas fire framed with a tiled style surround. A further door leads into the kitchen which is fully fitted with a range of matching wooden base and wall units,
laminate worktops and sink. There is a freestanding cooker, as well as space and plumbing for a washing machine and alcove space for a freestanding tall fridge freezer.
The property benefits from three bedrooms alongside a modern fitted shower room with walk in shower, WC, wash hand basin and dual fuel towel rail. Bedrooms 1 and 2 are spacious double rooms and overlook the rear garden, whilst bedroom 3 is a smaller bedroom on the side of the bungalow.
Outside:
The front of the property is hardstanding driveway for several vehicles in front of the garage. To the front of the property is a low maintenance garden which is mainly laid to gravel with planted beds to the front perimeter. A gravel pathway leads along the left side of the bungalow and into the rear garden. You can also access the rear garden from Scalwell Mead via a low iron
pedestrian gate.
The rear courtyard garden is also low maintenance with an area of paved patio and artificial lawn with a wooden fence and wall boundary. There is also an outside tap. The
property benefits from an attached garage with up and over door to the front and rear pedestrian door to the rear.
Council Tax: We are advised that this property is in council tax band C. East Devon District Council. Tel: 01404
515616
Services: We are advised that all mains services are connected.
What3words: ///drag.pavilions.saucepan
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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