2 bedroom detached bungalow for sale

£450,000 Guide Price

2

Bedrooms

Floorplan

Set in Up Hatherley, in southern Cheltenham is this detached bungalow which has been beautifully finished.

Created with exacting attention to detail the bungalow offers great living space at the front with a large lounge and dinning room with light from both front and side. This room has a feature fireplace, wood panelling to the walls and a herringbone oak floor. The dining area is next to the kitchen which is equally beautifully finished and in turn leads to a side lobby giving access to both the garden at the rear and a utilities space at the front to keep the recycling boxes and bins.

At the rear of the property are two double bedrooms, again the lovely herringbone floor runs from the living areas through to the rear corridor and into the main bedroom. The main has built in wardrobes and a feature wall with stunning wallpaper by Hovia.

The guest bedroom also has a feature wall with Hovia wallpaper, plus built in wardrobes. There is a store cupboard off the hallway and a beautiful bathroom with bath and separate walk in shower.

Outside the garden is a lovely size and features mature shrubs and borders along with both lawn and patio area. At the rear of the garden is a gate through to a gravelled driveway and garage. The Garage is accessed from the rear and has electric roll top door. The rear wall of the garage has been removed to give access to the driveway area which also has the potential for a home office. There is also an EV charge point fitted at the rear.

This is a simply beautiful home which has been lovingly created, finished with fine details including Pooky Lighting. Warmed by gas underfloor heating and featuring double glazing throughout. This is certainly a home not to miss.

Tenure: Freehold
EPC Rating: D
Council Tax Band: D

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

£ 373950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 11250
  • 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

£ 36450
  • 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

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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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