2 bedroom semi-detached bungalow for sale

£225,000 Offers over

2

Bedrooms

1

Bathrooms

Floorplan

15 Meiklewood Avenue, Prestwick, KA9 2JR

Hoppers Estate Agency is delighted to market this well-presented 2-bedroom semi bungalow in a highly sought after location close to Prestwick Main Street. The property comprises entrance hall, lounge, dining room, kitchen, 2 double bedrooms and shower room with a flexible layout and development potential. The home will suit a variety of home buyers incl. first time buyers, those in need of ground level accommodation or those down-sizing from larger homes. We anticipate a high level of interest early viewings are advised.

Internally, dcor is neutral creating a blank canvas for buyers to make their own. The property is deceptively spacious with generous room sizes and a flexible layout that could be configured to suit buyers needs. On entrance is a welcoming hallway with spacious lounge to the left. The lounge boasts a gas fireplace and a large front facing bay window which floods the room with natural light. Behind the lounge is a generous sitting/dining room offering plenty space for family dining and entertaining guests, and leading directly to the modern kitchen at the rear of the property. The kitchen is spacious and bright, with modern wall and base units offering ample storage and worktop space, with integrated appliances incl. fridge-freezer, dishwasher, washing machine and oven/hob.
There are 2 bedrooms in the property, one front and one rear facing, both double sized with bright and neutral dcor. Completing the accommodation is the rear-facing shower room, with white suite and corner shower cubicle.

This fantastic home offers excellent potential for buyers, including the possibility to develop into the attic space, providing additional bedrooms or living space.

Externally, the property offers off street parking and a well-kept, fully-enclosed rear garden with greenhouse and shed.

The property is located within walking distance of Prestwicks thriving Main Street where there is an abundance of restaurants, cafs, independent boutiques and essential amenities. The Train Station is also within short walking distance and Prestwicks lovely beach front is easily reachable on foot. The town boasts a number of large supermarkets and excellent schooling for both primary and secondary ages, and there is a range sporting facilities and recreational spaces incl, swimming pool, tennis centre, cricket club and golf courses.

DIMENSIONS
Lounge: 126X1710 approx.
Dining Room: 134x140 approx.
Kitchen: 102x115 approx.
Shower Room: 64x611 approx.
Bedroom 1: 121x117 approx.
Bedroom 2: 105x118 approx.

VIEWINGS - Strictly by appointment through Hoppers Estate Agency - tel

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

£ 177075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 5625
  • 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

£ 8325
  • 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

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  • 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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