3 bedroom detached bungalow for sale

£70,000 Guide Price

3

Bedrooms

2

Bathrooms

This detached holiday home is found on the ever popular picturesque Trevella Holiday Park, Crantock, Near Newquay. Brand new, never used, this three bedroom property offers open plan living with a kitchen, main bedroom with en-suite and two twin rooms. Outside there is decking and private parking.

The Property - This spacious 38ft x 12ft , Lewabbie, 8 berth holiday home is brand new, never been used and benefits from a 20 year licence. Very nicely presented throughout, offering a lovely open plan lounge, diner/kitchen with built in appliances, a master bedroom with en-suite cloakroom, 2 x twin bedrooms and a separate shower room all finished to a high standard. All bedrooms benefit from built in furniture including wardrobes, dressing table, lights and cupboards. Located in the sought after area of Penhale, tucked away with its lovely exterior wrap around decking, this holiday home provides that special place to watch the sun go down. Available fully furnished, this beautiful holiday home really is the complete package. Viewing highly recommended.

Accommodation In Detail - (all measurements are approximate)

Double glazed door into:

Open Plan Living Area - 5.33m x 3.51m - Lovely light and airy space offering a lounge with sofas including a sofa bed, a fireplace with electric fire, wall mounted TV with storage space. Dual aspect with double glazed windows to both sides and French doors opening out to the front decked area. Open through to Dining Area with ample space for table and chairs. The Kitchen is fitted with a range of matching base, wall and drawer units with roll edge worktops over with an inset single drainer sink. Tiled surrounds. Built in double oven with extractor hood over, dishwasher, microwave and upright fridge-freezer. Double glazed window to the side aspect. Door to boiler cupboard. Door to:

Hallway - Doors off to:

Shower Room - Fitted with a shower cubicle with mains shower. Close coupled WC. Wash hand basin. Obscure double glazed window to the side aspect. Heated towel rail. Wall mounted cupboard and mirror. Extractor fan.

Bedroom Two - 2.36m x 1.7m - Twin bedroom with built in cupboards, wardrobes, shelving and mirror. Radiator. Double glazed window to the side aspect.

Bedroom Three - 1.93m x 1.7m - Another twin bedroom with a double glazed window to the side aspect. Built in cupboard with hanging rail.

Bedroom One - 3.61m x 2.72m - Lovely double bedroom with built in bedside tables, overhead storage, dressing table and double wardrobe. Radiator. Double glazed window to the side aspect. Door to:

Cloakroom - Fitted with a matching white suite comprising a close coupled WC and wash hand basin. Radiator. Obscure double glazed window to the side aspect. Wall mounted storage cupboard and mirror.

Outside - To the front there is private off road parking and gated access to the warp around decked area, perfect for siting out and enjoying the sunny aspect.

Lease Details - The 20 year licence commenced in 2022 (TBC). The current site fee including maintenance, ground rent, superfast Wifi and use of the amenities is 6595 per annum. The buildings insurance is 450 per annum. Holiday Letting Permitted.

Services - Mains Electric, Gas, Water (metered) and Drainage.



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

£ 56950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1750
  • 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

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£

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

£ 4450
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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