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£545,000 Offers in excess of
Bedrooms
Bathrooms
Horizon Estate Agents are delighted to offer to market this modern and spacious two bedroom detached bungalow, situated in a highly sought after location. The property comprises of two double bedrooms, a 167 x 129 Lounge, a modern four piece suite bathroom and fitted kitchen. Further benefits include a garage, a converted office/gym, a well maintained rear garden with a patio seating area, and a paved driveway providing ample off-street parking for multiple vehicles. Located within walking distance to Thorpe Bay Railway Station, bus links, local shops and local schools. Internal viewing is essential.
Porch - Obscured UPVC double glazed entry door, wood effect flooring, smooth plastered ceiling, further door leading to:
Entrance Hallway - 2x storage cupboards, radiator, power points, wood effect flooring, coved smooth plastered ceiling
Bedroom One - 5.00m x 3.58m (165 x 119) - UPVC double glazed bay window to front aspect, radiator, power points, wood effect flooring, coved smooth plastered ceiling.
Bedroom Two - 3.96m x 3.10m (130 x 102) - UPVC double glazed window to front aspect, radiator, power points, wood effect flooring, coved smooth plastered ceiling.
Bathroom - Four piece suite comprising of a panelled bath, shower unit with rainfall shower over, vanity wash hand basin, low level W.C, obscured UPVC double glazed window to side aspect, radiator, tiled walls, tiled flooring, smooth plastered ceiling.
Lounge - 5.05m x 3.89m (167 x 129) - UPVC double glazed French Doors to rear garden, feature fireplace, radiators, power points, wood effect flooring, coved smooth plastered ceiling.
Kitchen/Breakfast Room - 3.89m x 3.56m (129 x 118) - Range of eye and base level units with work surfaces over, 7 ring gas range range cooker with ovens below, extractor hood above, composite sink drainer unit, integrated washing machine, space for fridge freezer, UPVC double glazed windows to side and rear aspects, radiator, power points, tile effect flooring, smooth plastered ceiling.
Lobby - 2x storage cupboards, double glazed window to side aspect, obscured double glazed door to side, tiled flooring, textured ceiling.
Rear Garden - Paved patio seating area, laid to lawn with tree and flower bed borders, side access to the front of the property.
Office/Gym - 3.73m x 2.36m (123 x 79) - UPVC double glazed door, UPVC double glazed window to rear aspect, radiator, power points, wood effect flooring, smooth plastered ceiling.
Garage - 5.66m x 2.36m (187 x 79) - Up and over door, power points, wood effect flooring
Front Of Property - Paved driveway providing ample off-street parking.
Additional Information - Tenure: Freehold
Council: Southend City Council
Tax Band: E
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.
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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