4 bedroom detached bungalow for sale

£650,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

Summary

A beautifully modernised and extended four bedroom chalet bungalow being within close proximity to the seafront and Lancing Town and Train Station. Particular benefits include garage, downstairs wc, principle bedroom suite with walk in wardrobe and ensuite bathroom. An impressive lounge/ kitchen/ dining space spans 25ft with two sets of bi folding doors.

Internal

Opening up into a generous hallway, 25 ft in length, with stairs to the first floor and doors to all rooms. To the rear of the home is the impressive extended kitchen/ breakfast/ dining and living room. All of these rooms carefully constructed into their own designated area, but with a bright airy and open feel throughout, benefitting bi folding doors and sky light.The kitchen provides a range of eye and base level units with two eye level integrated ovens, induction 5 ring induction hob and dishwasher, separate microwave oven, warming drawer and space for American style fridge freezer. There is also a separate utility room with space and plumbing for washing machine, tumble dryer, fridge freezer and boiler cupboard, leading out onto the lean to area. On the ground floor there is also a downtairs wc and two generously sized bedrooms. The principle bedroom is on this floor, benefitting a southerly aspect with walk in wardrobe and ensuite bathroom benefitting freestanding bath, sink and separate shower cubicle with wcUpstairs there are two further bedrooms and access to a family shower room with shower and sink inset unit with wc. This floor also benefits eaves storage. The bedroom that opens out onto the flat roof extension below, has foundations to be a balcony, but balustrades would need to be installed to use this space.

External

This home has not only been modernised internally, but the current owners have transformed the exterior appearance too, with a new roof and fresh rendering.To the front the garden is laid to hardstanding, being brick wall enclosed, with side access via a gate. There is possibility for off road parking to the front subject to permissions.The rear garden is laid to paving with space for furnishings. A rear gate provides rear access to the single garage with up and over door, power and light. Unofficially the vendors park their vehicle on the driveway into the garage up against their fence, alongside the neighbours too.

Situated

Situated across the road from the beach, in this ideal and convenient location. Being directly on the bus route located on Brighton Road giving access directly to Worthing and Brighton whilst also being approximately 0.7 miles away from the train station, commuting is easy from this location. Lancing Village Centre is also a short distance away.

Council Tax C



Features
  • Freehold

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

£ 538950

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
    £ 16250
  • 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

£ 51450
  • 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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