2 bedroom detached bungalow for sale

£450,000 Offers in excess of

2

Bedrooms

1

Bathrooms

Floorplan

Extensive Plot For This Two bedroom Detached Bungalow Available With No Onward Chain, And Set Within The Desirable Area Of Bough Beeches Potential to extend subject to planning.

TENURE : Freehold

COUNCIL TAX:
Council Tax Band E 2488.85 for 2022/3

Full Description

A well-presented 2 double bedroom detached bungalow standing on a large corner plot with the benefit of a large driveway and garage.

The property built in 1981 is situated on the ever-popular Folders Lane development in a quiet position amongst other detached properties. Birchwood Grove Primary School is 0.1 mile away and the town centre/mainline station are both 0.9 mile away via a pedestrian footpath through Silverdale Road.

The accommodation includes an entrance hall, a cloaks cupboard, cloakroom/wc,good size lounge/dining room with large picture window and glazed door leading to the spacious patio and rear garden There are 2 bedrooms and a bathroom with shower cubicle.
A spacious kitchen with a range of fitted cupboards complemented by a number of cooking appliances with door leading to the side which provides access to the drive, garage and gate to the garden.

Outside
There is an extensive front lawn, private driveway leading to a single garage. A gate opens onto the large rear garden which wraps around 3 sides, predominantly laid to lawn, interspersed by pathways and areas of patio with lawn and shrubs also a shed

Benefits include gas fired central heating and uPVC framed double glazing .

LOCATION:
Burgess Hill is surrounded by picturesque countryside and historic landmarks; offering
plenty of local amenities; with great connections via road, rail and air. The town centre
offers a variety of shops, cafs and restaurants; there is a local cinema, playgrounds
and parkland, sporting facilities including the popular Triangle Leisure Centre and
clubs for anything from bowls to yoga. For families looking to move, Burgess Hill is an
ideal choice with good schools, plenty of outside space and activities to keep families
of all ages entertained.
Well Connected There is so much within easy reach, from the city of Brighton, to
historical Lewes, to the far-reaching South Downs. Easy access to London and Brighton
ensures family days out are popular and commuters are well catered for. There are
frequent trains from Wivelsfield and Burgess Hill to London Gatwick, London Victoria,
London Bridge, London St Pancras International and Brighton and it is just a short drive
to access the A23 at Hickstead, from which it is a short drive to Brighton or north to
Pease Pottage to pick up the M23 for the M25.
Schools: Birchwood Grove Primary School 0.1 mile. Manor Field Primary School 1.7
miles. The Burgess Hill Academy 1.3 miles. N.B Please note that catchment areas
need to be confirmed.
Stations: Burgess Hill Mainline Railway Station (London Victoria/London Bridge
approximately 54 minutes & Brighton 20 minutes)














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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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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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