2 bedroom detached bungalow for sale

£215,000 Offers over

2

Bedrooms

Floorplan

FULL DESCRIPTION A fantastic opportunity for buyers with vision, this two-bedroom detached bungalow needs modernisation and upgrading throughout. Nestled in a generous plot, this property offers potential to create a comfortable family home once restored to its full potential. The bungalow currently consists of two well-proportioned bedrooms, offering ample space for a growing family or those needing extra room. The property also benefits from loft space, which may offer potential for further development, subject to the necessary permissions and building regulations. The property includes a three-piece family bathroom and a well-sized kitchen with appliances ( electric cooker, fridge freezer and washing machine), with both areas requiring a complete refurbishment to meet modern living standards. There are two reception rooms: one is a good size living area, while the second is a light-filled conservatory which leads out to the enclosed rear garden.
Externally, the property sits within large grounds, providing plenty of room for outdoor activities, gardening, or potential extensions (subject to planning permission). The bungalow is also complemented by a single link-detached garage, offering secure storage or potential for further development.
The property offers an ideal project for those looking to invest time and effort into transforming it into a lovely family home. With the right vision and investment, this property could be a true gem in a desirable location.


MEASUREMENTS Lounge : 4.5m x 4.1m approx.
Kitchen : 2.8m x 3.4m approx.
Conservatory : 3.1m x 3.8m approx.
Bedroom One : 3.6m x 4.1m approx.
Bedroom Two : 3.9m x 3.3m approx.
Bedroom Three : 4.4m x 4.2m approx.
Bathroom : 1.8m x 1.7m approx.


LOCATION The property is located in the popular and much sought after village of Crossford which is only one mile west of Dunfermline City Centre. There is an excellent range of local facilities including primary school with nursery amenities, prestigious Golf Club, Four Star Hotel and Leisure Club together with local shop and post office for day-to-day necessities. There is also a regular and reliable bus service into Dunfermline.

EXTRAS INCLUDED IN SALE This property is being sold as seen and no warranties or guarantees will be given to any prospective purchaser regarding the condition of the property or any of its fixtures and fittings. It is strongly recommended that all interested parties carry out their own inspections and due diligence prior to making an offer.

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

£ 169325

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
    £ 5375
  • 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

£ 8075
  • 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

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message