4 bedroom detached bungalow for sale

£345,000 Offers over

4

Bedrooms

Floorplan

FULL DESCRIPTION CLOSING DATE SET FOR TUESDAY 19TH OF NOVEMBER AT 12 NOON
An excellent opportunity to acquire a four bed detached bungalow which is quietly set within the village of Hillend. This property requires modernisation and would be suitable for buyers who are looking for a project. This detached property has internal accommodation formed over one level comprising, a welcoming hallway with a good size storage cupboard, a spacious lounge with bay window, a good size fitted dining kitchen with appliances ( gas cooker, dishwasher and undercounter freezer), utility room with washing machine and does have ample room for further appliances, the utility room has rear door which leads to rear garden. The dining kitchen does lead to a further reception room which is being used as an open planned kitchen and living area, the kitchen does benefit from having an integrated electric hob and oven. The primary bedroom benefits from having a built-in storage, a separate dressing area and ensuite, the further three bedrooms are all doubles and one of them benefits from having built in storage. A three-piece bathroom with shower over a bath and a separate shower room completes this level. Externally, this property benefits from off road parking, double garage and great outdoor space with generous gardens.

MEASUREMENTS Living Room 4.20m x 4.50m approx.
Kitchen 5.07m x 5.61m approx.
Utility room 1.61m x 2.77m approx.
Bed 1 3.01m x 3.03m approx.
En-uite 1.60m x 3.33m approx.
Bed 2- 3.70m x 3.36m approx.
Bed 3 3.09m x 3.36m approx.
Bathroom 1.60 x 3.33m approx.
Bed 4 3.61m x 2.79m approx.
Shower 1.98m x 1.79m approx.
Second Kitchen/Living - 3.30m x 5.67m approx.

LOCATION Hillend village is within a mile of Dalgety Bay which is situated on the Fife Coastal Path providing walking or cycling to Queensferry and Aberdour. The town benefits from its own railway halt which gives access to Edinburgh. There are educational facilities with secondary education located in Inverkeithing. The town boasts a sports and club, library, tennis club, leisure centre along with local shopping facilities.

EXTRAS INCLUDED IN SALE All Floor Coverings, fixtures and fittings. All appliances and the greenhouse which is in the rear garden may be included with in the sale, this will be confirmed at conveyancing stages.

This property is being sold in its present condition and no warranty will be given to any purchaser with regard to the existence or condition of the services or any heating or other system within the property. Any intending purchasers will require to accept the position as it exists since no testing of any services or systems can be allowed.

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

£ 287325

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
    £ 8625
  • 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

£ 28575
  • 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.

£

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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