3 bedroom detached bungalow for sale

£300,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Newly renovated detached bungalow with an immaculate landscaped garden. This three bedroom home benefits from a full renovation and is now in turn-key condition awaiting its new owner. You can enjoy a sizeable lounge which opens up to the kitchen, a well-equipped contemporary kitchen, modern bathroom suite and three spacious bedrooms. Situated in the popular suburb of Hellesdon where you can find a range of schooling, shops, parks and only a short drive into the city centre.

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 one mile 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 Entering the property into a welcoming entrance hall with wood effect flooring, loft access, radiator and access into all rooms.

Lounge 15 3" x 11 2" (4.65m x 3.4m) A spacious lounge with carpet flooring, radiator, two double glazed windows to the front aspect and opens up to the kitchen.

Kitchen 12 5" x 9 7" (3.78m x 2.92m) This contemporary kitchen benefits from wood effect flooring, wall and base units with worktops over, sink and drainer, built-in cooker, built-in microwave, built-in fridge-freezer, induction hob with an extractor fan over, spotlights and double doors to the garden.

Bathroom 6 4" x 5 4" (1.93m x 1.63m) A bright bathroom suite with wood effect flooring, low level WC, hand wash basin, heated towel rail, panelled bath with a shower over and a frosted double glazed window.

Bedroom 12 0" x 10 0" (3.66m x 3.05m) Located to the front aspect with carpet flooring, radiator and a double glazed window to the front aspect.

Bedroom 10 0" x 8 9" (3.05m x 2.67m) A versatile bedroom which could be used as a study if required with carpet flooring, radiator and a double glazed window to the side aspect.

Bedroom 12 11" x 10 5" (3.94m x 3.18m) The master bedroom is located to the rear aspect with carpet flooring, radiator and a double glazed window overlooking the garden.

Exterior The front of the property benefits from a large shingle driveway providing off-road parking for several vehicles which leads up to the garage with an up and over door (1310X95).
The rear garden is immaculately presented with a large patio area for alfresco dining, areas laid to shingle, manicured lawn and is fully enclosed by wood panelled fencing.

Agents note We understand the property will be sold freehold and connected to all mains services.
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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 250200

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
    £ 7500
  • 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

£ 25200
  • 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.

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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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