2 bedroom semi-detached bungalow for sale

£215,000 Guide Price

2

Bedrooms

Floorplan

Accommodation comprises briefly:

Entrance hall & side porch
Sitting/dining room
Conservatory
Kitchen
Bathroom
Two bedrooms
Enclosed low maintenance rear garden with an attractive curved brick wall
Gas central heating
UPVC double glazing
Single brick detached garage
Quiet cul-de-sac location

The Property
The front door opens into the hallway where there is a bathroom to the right which is fitted with a bath, hand basin and w.c. and a door off the hall opens on the left to a bedroom which overlooks the front. The second main bedroom is located to the rear and overlooks the garden. The sitting/dining to the rear is a nice size and has a window to the side and sliding doors to the rear to access the conservatory and garden. The conservatory is a double glazed upvc construction on a brick base and has blinds fitted. From the sitting room an archway takes you into the kitchen, this has wall and base cupboards with a built-in gas hob and double electric oven, washing machine, fridge and freezer. The wall mounted gas boiler is housed to one wall. A side door leads to a small porch and the rear and side garden.

This well proportioned modern bungalow benefits from gas central heating and double glazing.

Garden
The front and side of the bungalow is paved and interspersed with attractive low growing shrubs with a block paved drive at the bottom of the garden leading to the brick single garage. A gate within the lovely curved brick garden wall encloses the private rear garden. A good and manageable space which is low maintenance, laid with slate chippings, shingle and paving, planted with low growing shrubs and a decked area next to the property.

Location
The property is situated in a popular residential area of town. Halesworth provides many independent shops, Edgar Sewter primary school, public houses, cafs, restaurants, GP surgery, vets and a supermarket. The Cut is the towns exceptional arts centre - converted from a former maltings which offers a dynamic year-round programme of theatre, cinema, dance and exhibitions, plus art and fitness classes. Also within close walking distance is the train station with services to London Liverpool Street via Ipswich. The unspoilt heritage coastline of Suffolk with the glorious beaches of Southwold, Dunwich and Walberswick are a 20-minute drive away.

Fixtures & Fittings
All fixtures and fittings are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.

Services
Gas central heating. Mains water, drainage and electricity.


Local Authority
East Suffolk District Council
Tax Band: B
Postcode: IP19 8RR
EPC: D


Agents Note
The property is offered subject to and with the benefit of all rights of way, whether public or private, all way leaves, easements and other rights of way whether specifically mentioned or not.

Tenure
Vacant possession of the freehold will be given on completion.

Features
  • Freehold

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

£ 169325

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 5375
  • 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

£ 8075
  • 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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