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£295,000 Guide Price
Bedrooms
Bathrooms
A recently modernised, 3 bedroom, semi detached house with off road parking and situated in a village location.
77 Hitchen was built in the 1940s and has recently been modernised to a high standard. Improvements include a new kitchen, a new shower room, new boiler, new flooring and oak veneer doors. The property has also beeen rewired and benefits from a new roof.
The accommodation comprises an entrance hallway with stairs leading to the first floor. This leads to the kitchen at the rear of the property which has a built in oven, microwave, 5 ring gas hob, together with space for white goods. A double door leads to the well stocked and landscaped garden. Additionally on the ground floor there is a dining room with built in storage/display units. These also feature in the living room along with a fireplace with electric fire. Double glazed patio doors open to the garden.
On the first floor there are three bedrooms and a newly installed shower room.
SERVICES & OUTGOINGS
We understand that mains electric, gas, water and drainage are connected to the property. Gas fired central heating.
Council Tax: Somerset CouncilBandB.
ADDITIONAL INFORMATION
Broadband: FTTC broadband is availablehighest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, Three and Vodafone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a very low risk from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
Merriott has a thriving community with many clubs and amenities on offer. There is a village shop, post office, and pub. There is also a village hall which is well used by various clubs and is a popular venue for wedding receptions.
The nearby small town of Crewkerne offers a wider range of facilities as well as a direct rail link to London Waterloo. The A303 trunk road linking London to the South West is within easy reach. Exeter International Airport is about 38 miles distant. Yeovil is the commercial centre for the area offering an excellent range of shopping and leisure facilities. The area is well served by both state and independent schools.
To the front of the property is an attractive garden with lawn and shrubs and a central path leading to the front door.
The rear garden has been beautifully landscaped to include a generous area of decking at the immediate rear of the house. This offers an ideal spot for outdoor dining, entertaining and relaxing. A covered patio area offers another lovely space for eating and socialising. The remainder of the garden has been laid to lawn. There is a garden shed and a gate leading to the off road parking for two vehicles.
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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