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£500,000
Bedrooms
Bathrooms
Horizon Estate Agents are pleased to offer to the market this recently renovated spacious three bedroom detached bungalow. Situated in the popular location of Minton Heights, being close to local shops, bus routes and schools. The property has the benefit of a good size rear garden, garage and off street parking. Internal viewing is essential. NO ONWARD CHAIN.
Entrance - Upvc obscured double glazed entrance door to;
Entrance Hall - Built in storage cupboard, further built in cupboard, brand new fitted carpets, radiator, telephone point, power point, coving to textured ceiling with loft access, indest vent, doors off to all rooms;
Lounge - 5.49m x3.56m (18 x118) - Double glazed patio doors to rear aspect leading to rear garden, brand new fitted carpets, feature fireplace, radiator, power points, wall mounted lights, coving to textured ceiling.
Bedroom One - 4.37m x 3.38m (144 x 111) - Upvc double glazed window to front aspect, brand new fitted carpets, radiator, power points, textured ceiling.
Bedroom Two - 4.06m x 3.00m (134 x 910') - Upvc double glazed window to front aspect, brand new fitted carpets, radiator, power points, textured ceiling.
Bedroom Three - 2.95m x 2.62m (98 x 87') - Upvc double glazed window to front aspect, brand new fitted carpets, radiator, power points, textured ceiling.
Bathroom - Comprising a built in shower cubicle, panelled bath, vanity unit wash hand basin, part tiled walls, heated towel rail, obscured double glazed window to side aspect, wood flooring.
Separate W.C - Comprising close coupled W.C, wall mounted wash hand basin, radiator, obscured double glazed window to side aspect, wood flooring, textured ceiling.
Kitchen/Diner - 5.23m x 2.97m (172 x 99) - Comprising a range of fitted eye and base level units with working surfaces over, inset stainless steel two and a half bowl sink unit with mixer tap, washing machine, cooker, further space for a fridge/freezer. Double glazed window to rear aspect, double glazed window to side aspect, double glazed door to side aspect leading to rear garden.
Rear Garden - Commencing with decking area, remainder laid to lawn with inset shrubs and trees to rear.
Garage - With up and over door power and light, personal door to rear garden.
Additional Information - Tenure: Freehold
Council: Rochford District 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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