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£550,000
Bedrooms
Bathrooms
Welcome to Fallowfield Crescent, a charming and well-loved semi-detached bungalow that has been in the same family since 1965.
The property offers endless possibilities with its 100ft+ rear garden perfect for outdoor entertaining or gardening enthusiasts. Indeed, the far end is ready to grow your veg, with composters, glasshouse and water-butts to hand. A beautiful, easy to care for garden stocked with mature shrubs and two productive apple trees.
Boasting a double bedroom, family bathroom, lounge/diner, kitchen, sunroom and a spacious loft, this lovely home is full of potential for those looking to remodel and create their dream space. Imagine cozy winter evenings by the fireplace or sunny, summer meals al fresco.
The open floor plan allows a seamless flow between the living spaces, ideal for entertaining guests or simply relaxing at home. Step inside the warm, inviting sunroom, perfect for curling up with a good book or enjoying morning coffee gazing into the tranquil garden.
The spacious garage, equipped with electricity, provides ample storage for vehicles and outdoor equipment.
Fallowfield Crescent is a highly sought after location with shops, post office and doctors surgery ten minutes walk away, bus stops nearby through the twitten and, not least, Blatchington Windmill around the corner.
This is a fantastic opportunity, not to be missed.
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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