3 bedroom semi-detached bungalow for sale

£275,000

3

Bedrooms

1

Bathrooms

Floorplan

No onward chain! Situated within a spacious plot in the popular suburb of Hellesdon, ideal for those wanting amenities, schooling and transport to the city centre right on their doorstep, is this three bedroom bungalow. This home is ideal for those looking to renovate a property into their dream home with ample space to extend and remodel (STP), well-loved by the current family.

No onward chain! Situated within a spacious plot in the popular suburb of Hellesdon, ideal for those wanting amenities, schooling and transport to the city centre right on their doorstep, is this three bedroom bungalow. This home is ideal for those looking to renovate a property into their dream home with ample space to extend and remodel (STP), well-loved by the current family.

Location This property is in a great location right by Hellesdon which has good local amenities for everyday living including a choice of handy shops, pubs and healthcare facilities. Asda is just a short walk away and Tesco is 2 miles away. It benefits from good transport links too with buses running regularly into the centre of Norwich as well as Taverham, Drayton, Fakenham and beyond.

Entrance hall Enter via a door to the front into a hallway offering vinyl flooring, a radiator, built-in cupboard and doors to all rooms.

Bedroom one 10 0" x 12 4" (3.05m x 3.76m) Double bedroom with fitted carpet, a radiator, built-in wardrobe and a double glazed window to the front.

Bedroom two 10 4" x 12 7" (3.15m x 3.84m) Double bedroom with fitted carpet, a radiator and a double glazed window to the front.

Shower room Comprising a low level WC, hand wash basin, shower, radiator, vinyl flooring and a double-glazed widnow to the side.

Lounge 13 9" x 12 5" (4.19m x 3.78m) Generous family space with fitted carpet, a radiator, feature gas fireplace and double glazed sliding doors to the conservatory.

Conservatory 8 3" x 9 9" (2.51m x 2.97m) Vinyl flooring and triple aspect double glazed windows overlooking the garden, sliding doors lead out to the rear.

Bedroom three 8 4" x 6 4" (2.54m x 1.93m) Vinyl flooring, a radiator and a double glazed window to the rear.

Lounge/kitchen/diner 25 4" x 10 8" (7.72m x 3.25m) Extended to create an open plan space for all the family to use, offering a range of fitted wall and base units with worktops over, a sink and drainer, spaces for white goods, wall mounted boiler, vinyl & carpet flooring, dual aspect double glazed windows and a door leading to the lobby.

Exterior The property is approached by a good-size driveway mainly laid to shingle and paving which offers plenty of off road parking and access to the rear garage. To the rear is a delightful garden, mainly laid to lawn with voluptuous borders filled with plants and mature trees. Included within the garden is a timber shed and a summer house. Due to the size of the rear garden there could be enough space to extend the property (STP).

Agents note We understand the property will be sold freehold, connected to all mains services with gas central heating.

Council tax band C.

Disclaimer: We endeavour to make our adverts accurate and correct, and ask our sellers to approve these details prior to going to market, however these do not form any part of a contract and any buyers are advised to check the details upon viewing, including any specifications, sizes and whats included on their fixtures and fittings forms when purchasing.

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

£ 229575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 6875
  • 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

£ 23325
  • 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.

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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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