4 bedroom detached bungalow for sale

£820,000 Offers in excess of

4

Bedrooms

2

Bathrooms

Floorplan

Martin & Co St Albans are pleased to offer for sale with no onward chain this 4 bedroom Chalet Style Bungalow set in a quiet residential Road in Park Street, lovingly improved by the current owners. Be sure to view the virtual tour on the link above.

The home is set back from the road, with ample parking for 4+ vehicles, and has a very pretty, well stocked garden, and access to the garage with light and power which is currently used as a work shop.

Through the front door and leading off the hallway is a large living room with French doors into the garden and an open fireplace with a brick surround.

The large kitchen diner is a lovely feature of the property and due to the amount of windows allows in plenty of light. The kitchen is well fitted with a range of wooden units and fitted appliances. Leading off the dining area is a very useful and well fitted utility room with a door into the garden.

The master bedroom has a range of fitted wardrobes and a good size en suite shower room. The second double bedroom also has fitted wardrobes.

The third double bedroom is currently used as an office and is well fitted out with built in storage and a desk overlooking the pretty rear garden.

The family bathroom has a full sized bath and an overhead digital shower.

The ground floor ceilings have been additionally insulated keeping the property warm in the winter and cool in the summer.

The first floor is accessed via a staircase in the living room and comprises of a large double bedroom, a cloakroom with a toilet and washbasin as well as a large landing room that would be perfect for hobbies such as crafting or sewing. There is also an air conditioning unit on this floor.

The extensive outside area has a very well stocked garden with pretty boarders, a lawned area, patio with a covered sun shade and a decked area housing a working jacuzzi. In addition there is a Games Room/Gym with power and heating, as well as a substantial shed and concealed bin area.

This property also benefits from solar panels and a water irrigation system in the garden.

A viewing of this property is a must to appreciate the many characters and features it has to offer.

Call sole agents Martin & Co St Albans on 01727898236 or enquire online to arrange a viewing.


Agents are required by law to conduct anti-money laundering checks on all those buying a property. We outsource the initial checks to a partner supplier Intelligent Services Group Ltd who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is 30. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required. This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.

Map location is not available for this property.

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

£ 679200

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
    £ 20500
  • 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

£ 64200
  • 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

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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