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£700,000
Bedrooms
Bathrooms
MANTONS ESTATE AGENTS are pleased to offer for sale this rarely available three bedroom semi detached bungalow, presenting a fantastic opportunity for renovation & personalisation. In need of complete modernisation, the condition of the property is reflected in the marketing price, and it is not mortgageable in it's current state. This is an exciting chance to add your own stamp to a home with great potential & is sure to attract strong interest.
Internally, the bungalow offers approximately 1100 sq.ft of living space with scope for reconfiguration to maximise its layout. Positioned on a popular road, the property also offers excellent potential for extension (subject to planning permission), and is available with no upper chain, allowing for a smooth & swift transaction.
The current layout comprises an entrance porch & hallway, a 16ft living room with French doors opening into the conservatory, kitchen, separate dining room, three well proportioned bedrooms & a shower room.
Additional benefits include a secluded rear garden, front garden, garage with driveway, gas central heating & a replacement roof.
To find out more or arrange a viewing, contact Mantons Estate Agents today.
COUNCIL TAX BAND: E
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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