3 bedroom detached bungalow for sale

£395,000

3

Bedrooms

Floorplan

PROPERTY DESCRIPTION This detached bungalow is brought to the market with no forward chain and would be ideal for an extended family, having the benefits of a one bedrooms self contained annex. Set back from the road and with a very pleasant outlook, the bungalow comprises of a living room with doors leading to a light and bright conservatory, dining room, modern kitchen with access to the rear garden, two bedrooms and a recently updated shower room. Separate to the main property, there is a self contained annex which has a generous living room, bedroom, bathroom and kitchen. There is a sunny garden to the side and rear with ample off road parking to the front for several vehicles. LPG gas central heating plus modern Dimplex Quantum energy efficient heating. No forward chain. Viewing by appointment.

ENTRANCE HALL With doors to principle rooms. Wall mounted Dimplex Quantum heater.

LIVING ROOM 11 10" x 11 10" (3.61m x 3.61m) Located at the front of the property and due to the large doors leading to the conservatory there is plenty of natural light.

CONSERVATORY 9 7" x 8 9" (2.92m x 2.67m) The conservatory provides further living space for the property. making the most of the light and the pleasant outlook.

KITCHEN 10 4" x 9 10" (3.15m x 3m) Fitted to three sides with a range of kitchen units with stainless sink and drainer and windows to both the side and rear aspect. Door leading to garden. Space and plumbing for washing machine. Space for cooker. Space for fridge freezer.

DINING ROOM 10 4" x 9 10" (3.15m x 3m) Located off the kitchen the dining room has ample space for a table or as a second sitting room. Cupboard housing LPG Gas boiler. Window to side aspect.

BEDROOM 1 11 10" x 10 11" (3.61m x 3.33m) The main bedroom is located at the front of the property with a large window to front aspect.

BEDROOM 2 9 9" x 8 11" (2.97m x 2.72m) Located at the rear of the property, this double bedroom has a large window overlooking the garden.

SHOWER ROOM Recently updated, the shower room has been fitted with a modern white three piece suit comprising of a WC, wash hand basin and large shower at low level. Modern Aquapanel finish to walls inside the shower, with the remaining walls of the bathroom being fully tiles. Extractor fan. Heated towel rail. Opaque window to rear aspect.

OUTSIDE To the front of the property there is a large area of hard standing providing ample off road parking for several vehicles. To the rear and side of the property is a large mature garden which is mainly laid to lawn and boarded by shrubs and plants. There is also a garden shed and side gate leading to the road.

ANNEX Formerly the garage and utility space for the property. The conversion was completed in accordance with planning in 2019 and as such seen a separate dwelling for council tax (band A) but otherwise shares utilities with the main property.

ANNEX - LIVING ROOM 19 4" x 9 6" (5.89m x 2.9m) Large open plan space with laminate flooring throughout. Wall mounted electric heater.

ANNEX - BEDROOM 11 11" x 9 6" (3.63m x 2.9m) Double room located at the rear of the property. Laminate flooring. Window to rear aspect. Door leading to ensuite bathroom.

ANNEX - KITCHEN 7 8" x 6 7" (2.34m x 2.01m) The kitchen is modern throughout and fitted to two sides with a range of above and below counter units. Space and plumbing for washing machine. Space for electric oven. Space for fridge freezer. Window to side aspect.

ANNEX - SHOWER ROOM 7 0" x 6 5" (2.13m x 1.96m) Modern throughout and of a good size. The shower room has a white three piece suite comprising of WC, wash hand basin and shower cubicle. Aquapanel finish to walls. Extractor fan. Heated towel rail. Opaque window to rear aspect.

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

£ 328575

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 9875
  • 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

£ 32325
  • 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

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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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