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£625,000 Guide Price
Bedrooms
Bathrooms
A rare opportunity - This large 2 Bedroom Detached Bungalow is in need of modernisation but boasts a fabulous semi-rural setting, the garden backing onto fields and with the entrance to a Bridleway directly opposite, taking you through to the 700-year-old, 500 acre Weald Country Park in South Weald South.
For those who love space and being outdoors, this property will be perfect, as it also comes with a 132ft x 44ft Garden.
The property is a blend of both town & country, as although it enjoys its rural environment, it is only 600 meters from Ongar Road, itself with a handy local Costcutter Convenience Store with Post Office just another 90 meters up the road.
Next to the shop is the Black Horse, a popular 16th-century Country Pub & Restaurant and opposite is a newsagents and takeaway. For Friday night suppers, a great fish and chips shop is a 2 minute/0.6 mile drive.
Brentwood High Street with its large Sainsburys Store is an easy short drive, with the Mainline Railway Station a little further at 2.7 miles, whisking you to London Liverpool Street in circa 40 minutes.
The property itself has a large Lounge, huge 18ft 6 Dining Room, 13ft Kitchen, two large double bedrooms and a dated but particularly good size Bathroom.
There is a modern Gas Boiler and the electrical consumer unit is only 5 years old too.
The Accommodation
PORCH
Woodgrain finish on the outside, white on the inside, the wide set of double doors with the accompanying sidelight windows swing open to the Covered Entrance porch, with then a UPVC entrance door opening through to:
LOUNGE 15ft 5 X 14ft 4 into the Bay window (4.7m x 4.4m)
The Fireplace and ornate beamwork to the walls and ceiling add much character.
(Please note there is no working Gas Fire).
DINING ROOM 18ft 6 x 10ft 6 (5.6m x 3.2m)
The original fireplace has been part boarded up, but it still retains its solid Oak surround and the adjacent shelved recess with its cupboard below provides storage/display.
The wide walk-in Bay window pours in plenty of light and like the lounge, beamwork to the walls give it added personality.
KITCHEN 13ft x 10ft 4 (4m x 3.15m)
Fitted with a range of Antique Oak effect Kitchen units incorporating a freestanding all-gas Hotpoint Harg 60 Cooker, and spaces for a Washing Machine and undercounter Fridge.
The built-in Pantry has a 598m wide opening which will take a standard freestanding Fridge/Freezer.
Hidden within a corner cabinet is the Gas Boiler serving the central heating via radiators.
MASTER BEDROOM 14ft 4 into the bay x 12ft (4.4m x 3.7m)
A nice spacious bedroom and with its white walls, 8ft high ceiling and wide bay window flooding in plenty of light, giving it a bright and spacious feel.
A built-in cupboard has been shelved, giving useful additional storage.
BEDROOM TWO 12ft x 10ft 6 (3.7m x 3.2m)
Another double bedroom with the rear facing window enjoying a pleasant outlook over the garden and countryside beyond.
BATHROOM 7ft 4 x 6ft 1 (2.2m x 1.85m)
Dated but functional and fitted with a large basin with pedestal, close coupled WC, and a large bath with a separate shower over.
REAR GARDEN 132ft x 44ft (40m x 13m)
A big rear garden with an almost full width crazy paved patio.
The old fishpond has been filled in, so is safe for children and beyond the garden at the end is a large paddock where horses graze.
(We noted a handy and useful outside electric socket by the Patio).
GARAGE 23ft 4 x 7ft 8 (7.1m x 2.3m)
A lean-to construction with an up and over door, side facing window and a lockable rear door.
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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