3 bedroom detached bungalow for sale

£425,000 Offers in excess of

3

Bedrooms

Floorplan

THE PROPERTY AND TOWN Substantial detached home extending to around 1,500 square feet that is offered for sale with no onward chain. The property offers a fabulous opportunity to redevelop whilst being occupied, creating a home to personal tastes, with potential for extension subject to any necessary local authority planning permissions. Accommodation includes side entrance hall, guest cloakroom, spacious L shaped lounge, dining room, kitchen and utility room. Additionally there are three bedrooms and bathroom, plus a substantial attic space. The plot extends to around 0.19 of an acre and includes in and out driveway, garage and large garden to the rear. Paddock Close itself is a highly regarded cul de sac location within Castle Donington.

Castle Donington itself is a vibrant location with a high standard of amenities including shops, post office, doctors surgery, pharmacy, super markets, pubs and restaurants. For the commuter East Midlands airport, Parkway railways station and the national motorway network are all readily accessible as are the centres of Nottingham, Derby and Leicester via the 24 hour running Skylink bus service.

ACCOMMODATION

SIDE ENTRANCE HALL With open tread staircase leading to the attic room. Central heating radiator.

GUEST CLOAKROOM Comprising a suite of wash hand basin and W.C. Opaque double glazed window to the side elevation.

L SHAPED LOUNGE 23 1" x 13 5" (7.04m x 4.09m) PLUS 9 3" x 8 3" (2.81m x 2.51m) With double glazed windows to the rear elevation, double glazed window to the side elevation, central heating radiator, central fireplace, space for a desk.

KITCHEN 12 10" x 10 10" (3.91m x 3.3m) With units at eye and base level providing work surface, storage and appliance space. four ring stainless steel hob with extractor over, electric oven and grill, twin bowl sink unit with mixer tap over, double glazed window to the side elevation, central heating radiator.

UTILITY ROOM 9 5" x 6 5" (2.87m x 1.96m) With single drainer sink unit, work surface, eye level cupboard, central heating radiator, plumbing for washing machine.

DINING ROOM 12 7" x 11 4" (3.84m x 3.45m) With double glazed bow window to the rear elevation, double glazed door opening to the rear garden, central heating radiator.

BEDROOM ONE 15 x 13 5" (4.57m x 4.09m) With double glazed bow window to the front elevation, double glazed window to the side elevation, central heating radiator, fitted wardrobes.

BEDROOM TWO 12 11" x 11 5" (3.94m x 3.48m) With double glazed bow window to the front elevation, double glazed to the side elevation, central heating radiator, fitted wardrobes.

BEDROOM THREE 9 5" x 7 5" (2.87m x 2.26m) With double glazed window to the side elevation, Central heating radiator.

BATHROOM Comprising a suite of corner bath, wash hand basin, bidet and W.C. Walk in cubicle housing the mains fed shower. Opaque double glazed window to the side elevation,

ATTIC ROOM A substantial space, with limited head height due to the pitch of the ceiling. Ideal for storage. Double glazed window to the front elevation.

OUTSIDE The property stands on a large plot, extending to around 0.19 of an acre, fronted by an in and out driveway. There is a side driveway which leads through to the GARAGE 15 8" x 10 5" (4.77m x 3.17m) with up and over door and service door through to Olives bar. OLIVES BAR 13 7 x 9 10" (4.14m x 2.99m)) An ideal location for entertaining, particularly in the summer, with double glazed window to the rear elevation, double glazed double doors opening to the patio, built in bar and cupboard housing the central heating boiler. To the rear a substantial lawned garden with an area of patio adjacent to the bungalow.

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

£ 353325

Mortgage Loan to Value

%

Gross Yield

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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
    £ 10625
  • 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

£ 34575
  • 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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