4 bedroom detached bungalow for sale

£575,000

4

Bedrooms

2

Bathrooms

Floorplan

PROPERTY DESCRIPTION This detached four bedroom bungalow is hidden away on this exceptionally large corner plot offering a great deal of privacy. With a long driveway and gardens all around, the property backs onto open fields and would be ideal for a family looking for a long term home. The bungalow has plenty of potential (subject to planning) and while in need of some modernisation, the possibilities are endless for a new owner. Kitchen, living room, dining room plus further second reception room, all light, bright and spacious. Four bedrooms all with some fitted storage and the main bedroom has an ensuite shower room. Family bathroom. Large garage. Parking for several cars. Combination of oil and electric heating. To be sold with no forward chain.

ENTRANCE HALL 5 4" x 11 6" (1.63m x 3.51m) Running almost the full length of the property, the entrance hall has doors to all principle rooms. Loft hatch.

REAR HALL/BOOT ROOM 7 5" x 3 11" (2.26m x 1.19m) From the rear of the property a door gives access to the rear hall/boot room. doorway to entrance hall, low level built in storage for shoes etc.

LIVING ROOM 14 4" x 17 7" (4.37m x 5.36m) This spacious room has a great view of the garden from the large sliding doors. Fireplace and surround (untested). Arch through to second reception room. Feature glass to the entrance hall.

SECOND RECEPTION 8 2" x 10 10" (2.49m x 3.3m) Located off the living room and the dining room, this space has plenty of options as a further living space, office room or childrens play area. Window to front aspect.

DINING ROOM 8 2" x 13 5" (2.49m x 4.09m) Light and bright due to the windows to both side and front aspect and ideal for the busy family located adjacent to the kitchen.

KITCHEN 9 10" x 12 8" (3m x 3.86m) The heart of this home, the kitchen is fitted to three sides with a range of above and below counter units with worktops. Sink and drainer. Free standing oil fuelled Rayburn which can be used for cooking but also runs the heating system. Window to front aspect. Doors to both utility room and the hallway.

UTILITY ROOM 7 11" x 7 8" (2.41m x 2.34m) Window to front aspect. Sink and drainer with under counter storage below. Two further cupboard for storage with one housing the hot water cylinder.

BEDROOM 1 9 11" x 12 7" (3.02m x 3.84m) Double bedroom with dual aspect windows to side and rear. Built in wardrobes. Door to ensuite

ENSUITE Fitted with a three piece suite, comprising WC, wash hand basin and shower cubicle. Fully tiled walls. Opaque window to rear aspect.

BEDROOM 2 10 11" x 11 5" (3.33m x 3.48m) Further double bedroom with window to front aspect. Fitted wardrobe.

BEDROOM 3 9 9" x 10 5" (2.97m x 3.18m) Double bedroom with window to rear aspect. Fitted wardrobe.

BEDROOM 4 9 10" x 9 10" (3m x 3m) Small double room with window to rear aspect. Fitted wardrobe.

FAMILY BATHROOM 7 6" x 7 1" (2.29m x 2.16m) Fitted with a white three piece suite comprising of bath with shower over. WC. Wash hand basin. Opaque window to rear aspect.

GARAGE 22 9" x 14 3" (6.93m x 4.34m) The garage is almost double length with a large workshop area to the rear. Door to side aspect. Two storage cupboards.

GARDENS The property is surrounded on all sides by the mature and well established gardens. Several areas of lawn boarded by shrubs and plants. Large variety of trees. Area previously used as a vegetable patch.

DRIVEWAY AND PARKING Gated from the main road, the long winding driveway leads through the trees to the property. Large area of driveway parking, ample for several vehicles.

Map location is not available for this property.

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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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.

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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

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This is the assumed rate of house price inflation.

Final Property Value

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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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