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£410,000
Bedrooms
Bathrooms
Delightful detached 2 bedroom bungalow situated in an elevated and quiet location with far reaching views towards the Axe Estuary and the countryside surrounding towards the sea in the distance with integral garage and gardens.
The Property:
8 Oaklands Close is a substantial detached bungalow situated towards the end of a small cul-de-sac in an elevated position on the outskirts of Seaton. Delightful far-reaching views are enjoyed across to the Axe Estuary, wetlands and surrounding countryside towards the sea in the distance. The bungalow benefits from gas fired central heating and double glazing. The front door opens to the entrance hall with a door to the right opening in a good-sized living room with window to front, gas fireplace and double opening doors to a dining room. The dining room has sliding patio doors which give access to an external rear terrace, rear garden and provides delightful views across the Axe Estuary towards Axmouth village the surrounding countryside and towards the sea in the distance. There is a good sized square kitchen which is fully fitted with a range of matching base and wall units with built-in electric oven, hob, sink, space and plumbing for washing machine and under counter integrated fridge. A door from here leads to the rear terrace and there is also a window which offers the same views as the dining room.
There are two good-sized double bedrooms. The principal bedroom has three steps leading up to it from the hallway and has fitted wardrobes and a door to an en-suite shower room. Bedroom 2 also has fitted wardrobes with window to the front. The main bathroom is accessed from the hallway with a panelled bath, WC, wash basin and a door to the airing cupboard housing the hot water cylinder.
Outside:
The front garden has some attractive flowering shrubs and plants with central pathway leading to the front door with lawn either side.
Directly adjacent to the rear of the dining room and kitchen is a paved rear seating area with handrails surrounding. From here glorious views can be enjoyed across the Axe Estuary, wetlands and countryside surrounding towards the sea in the distance with water tap and steps down to the lower garden. This garden is attractively presented with pathways running through with a small lawned area and raised flowerbeds with garden shed, greenhouse, pergola over a seating area and a side pathway with flower borders to one side with pedestrian gate leading back to the front of the property. There is a mature hedge at the rear boundary which affords a good deal of privacy to the whole rear garden. A further gate to the other side of the property leads to another pedestrian gate to the front garden. The integral garage is particularly long with up-and-over door, power and light and houses the Worcester gas central heating boiler. In front of the garage there is parking for one car.
Council Tax: We are advised that this property is in Council Tax Band F. 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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