2 bedroom detached bungalow for sale

£295,000 OIRO

2

Bedrooms

Floorplan

ENTRANCE PORCH Brick base with leaded glazed windows Panelled door Radiator

ENTRANCE HALL Offering access to all rooms Served by a panelled front door Stable door to the rear

LOUNGE/DINER 18 0" x 11 7" (5.49m x 3.53m) Leaded box bay window to the front Double French doors to the rear Radiator Cupboard which was previously a W.C. Plumbing is still accessible

KITCHEN 6 6" x 11 9" (1.98m x 3.58m) Fitted with a range of wall and base units Single drainer one and a half bowl sink set in ample work surfaces Gas hob with chimney extractor Electric oven Plumbed for a washing machine Leaded window to the rear Radiator

BEDROOM 1 11 3" x 9 1" (3.43m x 2.77m) Leaded box bay window to the front Radiator

BEDROOM 2 8 4" x 9 6" (2.54m x 2.9m) Leaded box bay window to the front Radiator

BATHROOM 6 4" x 6 9" (1.93m x 2.06m) Partially tiled and fitted with a traditional three piece white suite comprising of a W.C. Hand wash basin and panelled bath complete with an overhead shower Radiator Frosted window to the rear

OUTSIDE There is a fence enclosed and lawned rear garden with a flag patio/ bbq area There are side pathways down each side offering access to the front which has stone flag paths and raised flower beds The front wall is of reclaimed brick and topped with ornate wrought iron fencing

PARKING There is a side driveway which is served by double gates offering off road parking Additional parking is on the front road

A detached true bungalow, offered with no onward chain, located in a highly sought-after area backing onto open agricultural land, while still being convenient to local amenities. The property has been extended and re-modelled, featuring a bespoke kitchen and a luxury bathroom, presenting a home in move-in ready condition. Outside, it offers manageable gardens with the benefit of open countryside views, adding to its charm and character. With too many features to list internal inspection is essential. Under the terms of the Estate Agents Act we are obliged to disclose that the property is owned by a person working at or related to an employee of Martin & Co.

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

£ 246075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 7375
  • 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

£ 24825
  • 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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