2 bedroom bungalow for sale

£655,000

2

Bedrooms

1

Bathrooms

Floorplan

This attractive double fronted and two double bedroom detached bungalow has been subject to many improvements including a modern kitchen with granite work surfaces, a modern bathroom and newly fitted doors. The property has also been completely re-wired and has a large south /west facing garden.

A double glazed door gives access to the porch.

Newly fitted solid wood door with double glazed window inset into the hallway.

Hallway Newly fitted solid wood doors to all rooms, radiator, large built in double storage cupboard with recently fitted electric consumer unit 25/3/2025, further smaller cupboards over, central heating thermostat.

Spacious Lounge 2110 x 165 (max) Double glazed sliding doors to the rear aspect, further single glazed windows to either side, two original stained and leaded port hole style windows to the side aspect, three radiators, wall light points, stone brick fire place, ample double power points, ceiling roses, coving.

Modern Fitted Kitchen/Breakfast Room 127 x 94 (max) Dual aspect with windows to rear and side and a door to the rear aspect. The kitchen is fitted with an extensive range of fitted wall and base units, integrated fridge and freezer, built in dish washer, built in Siemens oven, stainless steel sink inset to granite work surfaces, ceramic hob with granite splash back, filter fan over, matching granite breakfast table, radiator.

Conservatory 2410 x 8

Bedroom One 143 x 105 Double glazed bay windows to the front aspect and original stained and leaded port hold style windows to the side aspect, radiator, ample power points, coving.

Bedroom Two 143 x 105 Double glazed bay windows to the front aspect, radiator, ample power points, coving.

Bathroom Double glazed frosted window, panelled bath with shower and shower screen, wash hand basin, airing cupboard with combination boiler and slatted shelving.

W/c Double glazed frosted window, low flush w/c, extractor fan.

Exterior

To Front Paved front garden with parking for 2 to 3 cars.

To Rear South west facing garden measuring approximately 70 Mainly laid to lawn with concrete path, pedestrian side access to one side, access to garage.

Garage With own drive.

Map location is not available for this property.

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

£ 543075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 16375
  • 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

£ 51825
  • 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

Adjust these figures

  %
  %
£
  %

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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