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£270,000 Guide Price
Bedrooms
Bathrooms
Situated on the eastern outskirts of Ipswich in the popular Rushmere St. Andrew area is this semi-detached bungalow which offers a sitting/dining room, kitchen, two bedrooms, garage and parking.
Situated in the popular location of Rushmere St. Andrew is this semi-detached bungalow which offers gas central heating (not tested), double glazed windows, two bedrooms, sitting/dining room, kitchen, bathroom, parking, garage and garden.
The entrance porch has a door leading to the reception hall which has an airing cupboard and doors off to all rooms. The sitting/dining room overlooks the front garden. The kitchen has a range of base and eye-level units, sink, work surfaces, electric oven with hob and extractor hood, space for a fridge/freezer and washing machine. There is a pantry and a door leading to the garden.
There is two double bedrooms, both with built-in wardrobes and the family bathroom comprises a basin, WC and bath with shower over. To the front of the property there is a garden which is mainly laid to lawn with a driveway leading to the single garage which has an up/over door, power and lighting.
To the rear of the property is a garden which is mainly laid to lawn with a patio area, various shrubs and borders along with side access leading to the driveway.
Location
The property is situated on the east side of Ipswich town centre and within easy travelling distance is a wide range of local shops, schools and amenities including Ipswich Hospital. There is also good access to the A12/A14.
Directions
From Fenn Wrights Main Road, Kesgrave branch proceed in an westerly direction along the A1214 and upon reaching the Heath Road roundabout take the first exit onto Heath Road. Continue along taking the second left onto Gleneagles Drive where the property can be found on the left hand side.
Important Information
Council Tax Band - C
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - D
Our ref - JEG
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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