4 bedroom detached bungalow for sale

£675,000

4

Bedrooms

2

Bathrooms

Floorplan

PROPERTY DETAILS Located within the highly popular Bean Oak development of Wokingham, this four bedroom detached bungalow is offered to the market with no onward chain and is ideal for those who want to put their mark on a property.

The main reception room is large and has two bay windows allowing plenty of natural light to illuminate the room. This room is also fitted with room for a fireplace. The spacious kitchen is fitted with induction hob, modern appliances, plenty of cupboard space and a serving hatch going through to the main reception room.

The four bedrooms are all double sized, with ensuite shower room to the main. The layout is versatile, and the fourth bedroom can be easily used as an extra reception room if required with glass French doors leading to the rear garden.

The main bathroom is fitted with wet room style shower. Currently, the property is fitted with handrails and other mobility aids suitable for wheelchair users, which can easily be removed.

Completing the property is the separate utility room with sink and extra store room to the front.

Externally the property has a driveway with space for multiple vehicles, plus electric charging point. Further parking for visitors can be found in the cul-de-sac. The front and rear gardens are beautifully presented with lawn area mature hedges and fruit trees, plus patio to the rear. The generously proportioned rear garden has huge potential to allow for further extension if desired STPP. At the back of the garden there is also a summer house and convenient storage shed.

Communications in the area are excellent, with Wokingham train station a short distance away providing fast links to London Waterloo, Reading and the Elizabeth Line. For those who commute by car, the A329, M3 and M4 motorways are within easy reach. Many families in the area send their children to the outstanding and excellent local schools including The Holt, Emmbrook Schools, Holme Grange, Evendons Primary, St Pauls Primary and St Crispins school.

A fantastic property to acquire a spacious home within a quiet, sought after area of Wokingham. Early viewing is advised, call now to book your viewing.

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

£ 559575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 16875
  • 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

£ 53325
  • 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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