2 bedroom semi-detached bungalow for sale

£335,000 Offers in excess of

2

Bedrooms

1

Bathrooms

Floorplan

Horizon Estate Agents are pleased to bring to the property market, this two bedroom semi detached bungalow. Situated within walking distance of Golden Cross shops, local bus route, schools and Rochford Train Station. The property has a modern kitchen and bathroom. The lounge/diner leads out to a conservatory which is currently used as part utility and office. There is off street parking to the front an additional parking space to the rear in front of the large shed. This property has the potential to extend subject to planning. Viewing strongly advised.

Upvc Double Glazed Entrance Door To: -

Entrance Hall - Smooth plastered ceiling, wood flooring and radiator.

Bedroom - 3.66m x 3.58m (12 x 1109) - Smooth plastered and coving to ceiling, UPVC double glazed led light bay window to front, carpet and radiator.

Bedroom - 2.72m x 2.26m (811 x 705) - UPVC double glazed led light window to front, carpet and radiator.

Lounge/Diner - 4.34m x 4.19m (1403 x 1309) - Smooth plastered and coving to ceiling, UPVC double glazed window and door to conservatory. Feature log burner, wood flooring and radiator.

Kitchen - 3.00m x 2.54m (910 x 804) - Smooth plastered and coving to ceiling, vinyl flooring, part tiled walls. UPVC obscured double glazed window to side, UPVC double glazed window to rear. UPVC double glazed door to conservatory. Range of modern base and eye level units with work surfaces and inset sink and drainer. Integrated appliances include oven, hob, extractor and dishwasher.

Bathroom - Smooth plastered ceiling, UPVC obscured double glazed window to side. Part tiled walls, vinyl flooring and heated towel rail. Modern white bathroom suite, comprising bath with shower and shower screen. WC and wash hand basin.

Conservatory - 5.31m x 1.93m (1705 x 604) - Brick with UPVC double glazed window to rear and UPVC double glazed door to rear. Work surface with space and plumbing for washing machine, tumble dryer and fridge/freezer.

Rear Garden - Commences with patio leading to lawn with various shrubs and trees in borders. Side gate to drive and large shed.

Front - Off street parking to the front for two cars with an additional driveway which leads to a further parking space. Access to shed.

Additional Information - Tenure: Freehold
Council: Rochford District Council
Tax Band: C

Agents Note - We recommend our customers use our panel of Conveyancers. It is your decision whether you choose to deal with our panel of Conveyancers but you are under no obligation to do so. You should know that we would receive a referral fee of 150 per transaction from them for recommending you to them.
Should you arrange a Mortgage through our recommended mortgage advisor, of which there is no obligation. We will receive a commission fee, the amount of commission will depend on the size of the loan and any associated insurance products that you decide to take.

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

£ 279075

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
    £ 8375
  • 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

£ 27825
  • 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

Adjust these figures

  %

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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