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£695,000
Bedrooms
Bathrooms
A four bedroom detached Bungalow which is set on a plot just under half an acre offering open field views to the front and rear aspect. The property is in need of modernisation but has great potential to be transformed into a sizeable family home.
An entrance porch to the side of the property gives access to the kitchen.
The Kitchen/Breakfast Room has a window to the rear aspect overlooking the garden, there is a range of matching base and wall mounted units, work surfaces with inset stainless-steel sink, radiator and space for appliances. There is a door to the utility room which has a window to the rear aspect, space for washing machine and a sink.
Opening onto the kitchen/breakfast room is a dining room with window to the side aspect, built in storage cupboard and radiator.
The living room has two windows to the front aspect, a brick-built fireplace, wall lights and two radiators.
An inner hall provides access to all bedrooms and the bathroom, there is a built-in storage cupboard and radiator.
Bedroom one has a window to the front aspect, radiator and two built in wardrobes.
Bedroom two has a window to the rear aspect, radiator and two built in wardrobes.
Bedroom Three has a window to the front aspect, radiator and two built in wardrobes.
Bedroom four has a window to the rear aspect, radiator and a built-in wardrobe.
The bathroom has a window to the rear aspect, low level W.C, wall mounted wash basin, panel enclosed bath, part tiled walls and floor.
Externally
The front of the bungalow is laid to lawn, there is a driveway leading into the rear garden which provides ample parking. There is a brick built storage shed with a window to the front. The rear garden is mostly lawned with a paved patio area and some mature trees.
Location
The property is set in the village of Ardleigh which benefits from two local shops, a primary school, several pubs a church and a village hall as well as being on the bus route between Colchester and Harwich.
Manningtree town centre and mainline rail station can be found just under five miles from the property.
Directions
Please follow postcode CO7 7QB
Important Information
Council Tax band - Band E
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC- TBC
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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