3 bedroom detached bungalow for sale

£572,500 OIRO

3

Bedrooms

2

Bathrooms

Floorplan

Martin & Co are pleased to offer this nicely presented corner plot dormer detached bungalow in a lovely location in Boldmere, Sutton Coldfield ideally situated near to Schools, shops and transport links. This lovely property is set behind an ample driveway for several cars, an enclosed porch entrance with door leading to the reception hallway. A door leads to the welcoming lounge ideal to relax and entertain in, separate dining room with conservatory off. Breakfast kitchen with a range of wall and base units, utility with guest W.C. off. Continuing through the bungalow are two double bedrooms, they are accompanied by the shower room with three piece suite comprising double shower, W.C. and wash basin. There is an additional separate W.C. with wash basin too. A door leads to the inner hallway with stairs leading to the dormer bedroom that has good storage and en-suite bathroom off.
There is a garage to the side and additional garage with workshop. The garden is lovely to the rear with patio ideal for garden furniture. The rear garden has side access for a boat or caravan (subject to dropped kerb).

This lovely bungalow is offered with no upward chain.

PORCH

HALLWAY

LOUNGE 15 11" x 11 5" (4.85m x 3.48m)

DINING ROOM 11 5" x 9 6" (3.48m x 2.9m)

CONSERVATORY 10 3" x 7 2" (3.12m x 2.18m)

BREAKFAST KITCHEN 18 11" x 9 4" (5.77m x 2.84m)

UTILITY

GUEST W.C.

BEDROOM TWO 13 2" x 11 6" (4.01m x 3.51m)

BEDROOM THREE 12 7" x 9 11" (3.84m x 3.02m)

SHOWER ROOM 7 11" x 6 11" (2.41m x 2.11m)

SEPARATE W.C.

LOBBY

DORMER BEDROOM 24 4" max x 18 9" max (7.42m max x 5.72m max)

GARAGE 16 1" x 8 0" (4.9m x 2.44m)

GARAGE 18 11" x 8 3" (5.77m x 2.51m)

WORKSHOP

REAR GARDEN

BLOCK PAVED DRIVEWAY

NO UPWARD CHAIN

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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

£ 475012.5

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
    £ 14312.5
  • 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

£ 45637.5
  • 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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