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£500,000 Offers over
Bedrooms
Bathrooms
We are pleased to offer to the market this well-presented detached bungalow located in the sought-after area of Ferring. The property comprises three bedrooms, a spacious lounge/dining room, a modern fitted kitchen, a contemporary bathroom, and a bright sun room. Additional benefits include off-road parking, a garage, and a generously sized rear garden.
INTERNAL
A sliding door leads into the bright sun room, which provides access to the front door. The front door opens into the spacious lounge/dining room, featuring dual-aspect windows, a fireplace surround, and access to all principal rooms. The bungalow offers three well-proportioned bedrooms, with the rear bedroom enjoying direct access to the garden. The modern fitted bathroom includes a bath, wash hand basin, and WC. The contemporary kitchen is equipped with a range of wall and base units, a built-in oven and gas hob, integrated undercounter fridge and freezer, dishwasher, washing machine, and a sink with drainer. A door from the kitchen leads directly into the garage.EXTERNAL
To the front, the property benefits from off-road parking leading to the garage, a lawned area, and gated side access. The rear garden features a patio ideal for outdoor furniture, a well-maintained lawn, and a variety of mature trees and shrubs, creating a tranquil and private outdoor space.SITUATED
In the quiet roads of Ferring, the property is positioned to the north of the village in a residential location. Within half a mile are the Ferring shops including restaurants, convenience stores and a pharmacy and bus routes run along close by Langbury Lane. The Asda is within 0.5 miles and access to the A27 & A24 is within minutes drive. The closest train station is Goring-By-Sea, approximately 1 mile away.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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