3 bedroom detached bungalow for sale

£450,000

3

Bedrooms

Floorplan

PROPERTY DESCRIPTION Situated on a generous corner plot, this detached three-bedroom bungalow is offered to the market with no onward chain. Recently updated, the property is in excellent condition throughout and features a brand-new kitchen, refurbished bathroom, fresh decoration, and new carpets throughout. The property is spacious throughout including all three bedrooms being large double rooms and a light and bright living room plus generous dining room with dual aspect windows making it a great space. The kitchen has been updated ready for sale alongside the bathroom which offers a bath and separate shower cubicle. Ample parking plus garage. Gardens to three sides. Gas central heating. The property is ready for the next owner to call home and viewings are welcome anytime.

ENTRANCE HALL The entrance hall is a wide and welcoming space and has new flooring throughout. Doors leading to all rooms.

LIVING ROOM 15 9" x 11 10" (4.8m x 3.61m) This light and bright space has an exceptionally large double glazed window to the front aspect. Fireplace and surround (not tested).

DINING ROOM 12 10" x 15 0" (3.91m x 4.57m) Another great space and with plenty of natural light due to the windows facing both the front and side of the property. Although officially the dining room, there is plenty of option to use this as a fourth bedroom or perhaps home office.

KITCHEN/BREAKFAST ROOM 12 10" x 11 1" (3.91m x 3.38m) Renovated throughout to included a newly fitted kitchen with a range of above and below counter units with worktop above, stainless steel sink and drainer. Space for washing machine, space for dishwasher, space for cooker. Windows to both side and rear aspect. Large pantry style cupboard. Door way to rear porchway and large built in storage/utility cupboard.

BEDROOM 1 14 1" x 10 6" (4.29m x 3.2m) Large double room with window to rear aspect and the garden. Vanity unit to one corner.

BEDROOM 2 12 9" x 11 10" (3.89m x 3.61m) Another generous double room but located at the front of the property with window overlooking the front gardens.

BEDROOM 3 14 1" x 9 5" (4.29m x 2.87m) The third bedroom is also a double room with large window to rear aspect.

BATHROOM The bathroom has been updated with a modern white suite comprising of wash hand basin, bath and separate enclosed shower cubicle. New Aquapanel to three sides making it low maintenance and fuss free. Opaque window to rear aspect.

WC Separate WC with wash hand basin

GARAGE Single garage with up and over door. There is a side door leading to the covered car port. At the front of the property there is a large driveway with parking for at least two cars.

GARDENS Situated on a large corner plot the gardens wrap around the bungalow to three sides. Mostly level and laid to lawn, the gardens are low maintenance and at the rear there is a enclosed patio area that is a real sun trap. Mature hedges and trees provide privacy from the road so you can enjoy the outside space the property has to 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

£ 373950

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
    £ 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

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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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