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£1,000,000
Bedrooms
The bungalow boasts four inviting bedrooms, each providing a sanctuary for rest and rejuvenation. The spacious contemporary living area embodies modern elegance, offering a seamless blend of comfort and style. Bathed in natural light, this versatile space accommodates various living arrangements, perfect for both intimate gatherings and larger celebrations.
A detached double garage provides convenient storage and parking options, ensuring practicality alongside the propertys aesthetic appeal. Heating is efficiently managed through an oil system, with the added comfort of underfloor heating and radiators to ensure warmth throughout.
The paddock to the rear of the property is included in the sale
Conveniently located near the Falmouth estuary, residents have easy access to the picturesque sailing waters of Mylor and Flushing, inviting exploration and adventure. Whether seeking a tranquil retreat or a base for maritime pursuits, this property promises a lifestyle of unparalleled charm and convenience.
AGENTS NOTE: If anyone requires a 5th bedroom, the sellers have had plans drawn up for a master bedroom with en-suite going up a floor but have not applied for planning permission. However the plot does not overlook anything so this should not be a problem but any interested party would need to explore this. If anyone would like to see the drawings please speak to an agent.
CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.
It should not be assumed that the property has all necessary planning, building regulation or other consents. Purchasers must satisfy themselves by inspection or otherwise and check any covenants immediately with their solicitor.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. Measurements are a guide only. The Agent has not had sight of the title documents. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
INFORMATION:
Tenure: Freehold.
Council tax band : G
EPC: Commissioned
Broadband: Superfast available and mobile reception limited (Ofcom)
ANTI-MONEY LAUNDERING REGULATIONS Purchasers It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.
PROOF OF FINANCE Purchasers Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.
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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