2 bedroom detached bungalow for sale

£480,000

2

Bedrooms

1

Bathrooms

Floorplan

House and Son are delighted to offer the rare opportunity, to acquire this detached bungalow, being one of the few to be situated so close to the East Cliff and its sandy beaches below. Ideally located, within easy reach of Bournemouth Town Centre and situated within walking distance of places of worship for many denominations.

This delightful two-bedroom property would be suitable for expansion, subject to the relevant planning/building regulation approvals, should further accommodation be required: as others in the area have already benefitted from doing. The property appears well cared for, but would now benefit from some general modernisation.

Features include a recently added UPVC double glazed conservatory which opens out onto the rear garden, a large driveway provides parking for numerous vehicles, leading to a detached garage with electric remote control roller door and power and light. To the front of the property there is a large very easily maintained garden, laid to attractively designed, pressed concrete paving. To the front and left side, the boundary affords a low brick wall with ornate wrought iron style decorative railing and gates. The rear garden is laid to lawn with hardstanding adjoining the rear of the bungalow and conservatory.

The garden is secure and secluded with mature shrubs, bushes and trees. This is a unique opportunity to purchase a detached freehold property in the heart of Bournemouth with easy access to the excellent beach and local amenities, with superb future potential and room to expand.

ENTRANCE PORCH 9 2' x 3 0' (2.79m x 0.91m)

ENTRANCE HALL 11 10' x 9 9' (3.61m x 2.97m) LIVING ROOM 19 0' x 10 7' (5.79m x 3.23m)

KITCHEN/BREAKFAST ROOM 13 7' x 8 8' (4.14m x 2.64m)

CONSERVATORY 10 8' x 7 8' (3.25m x 2.34m)

BEDROOM ONE 13 9' into bay window x 11 11' (4.19m x 3.63m)

BEDROOM TWO 13 8' x 9 3' (4.17m x 2.82m)

BATHROOM 7 3' x 6 1' (2.21m x 1.85m)

FRONT GARDEN & DRIVEWAY

REAR GARDEN

DETACHED GARAGE

TENURE AND CHARGES
Tenure: Freehold
Council Tax Band: D
EPC Rating: E

DISCLAIMER Please note that while every effort is made to ensure the accuracy of the information provided, errors and omissions can occasionally occur. The details supplied regarding lease terms are based on information obtained from the Land Registry and other relevant sources at the time of review.

Any building alterations, consents, or planning permissions relating to the property have not been verified by House & Son. Verification of such matters, as well as confirmation of lease details and any other legal documentation, should be undertaken by the purchasers or purchasers legal representative prior to reliance or completion of any transaction.

House & Son accepts no liability for any loss or inconvenience arising from reliance on information provided in error, save as otherwise required by law.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 398700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 38700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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