3 bedroom house for sale

£390,000

3

Bedrooms

Floorplan

Council tax band: D

Michael Nicholas Estate Agents are delighted to offer to the market this 3 bedroom detached property. The property is set in a highly sought after small development and nicely positioned with a green outlook to front and in brief offers the following accommodation.

Upon entry you will find an entrance hallway, good size lounge which is open plan to the kitchen and dining area. From the kitchen access can be gained to the garage. From the dining area you will find a lean to/conservatory which in turn leads to the rear garden.

To the first floor can be found 3 bedrooms and a 3 piece family bathroom.

Externally the rear garden is a comfortable size and enclosed. There is a paved patio leading to a lawn with various established shrubs/bushes and trees. There is side access to the front and a personal door into the garage.

To the front can be found off street parking and garden area.

Further benefits include, gas central heating, double glazing and NO ONWARD CHAIN.

Whilst the property does require general improvement, we believe this has been fairly reflected within the asking price.

This property is the ideal purchase for either those looking to up size or down size to a detached house within this popular location.

Viewing highly recommended, VIEW NOW!

EPC Band D

Additional Information:
TENURE
The vendor has advised us that this property is of a freehold tenure. This information is yet to be confirmed. Purchasers should obtain confirmation of this from their solicitor prior to exchange of contracts.

From our office in North Street travel along Downend Road, turning right at the traffic lights into Croomes Hill and at the bottom go straight across the double mini roundabout into Frenchay Road. Sidelands Road is the 2nd turning on the right hand side.

Entrance

Entrance via part double glazed door into entrance hallway.

Entrance Hallway

Stairs to first floor, radiator, doors to:

Lounge

14 11 x 12 11 (4.55m x 3.96m) Double glazed bay window to front, radiator, wood effect floor, opening through to dining area & kitchen.

Dining Area

8 0 x 8 0 (2.46m x 2.46m) Double glazed sliding patio doors to lean to/conservatory, radiator.

Kitchen

9 11 x 7 10 (3.04m x 2.4m) Double glazed window to rear. Fitted with a range of wall and base units with matching work top surfaces over, space for gas cooker, space for washing machine, stainless steel sink drainer, space for upright fridge/freezer, vertical radiator, storage cupboard.

Conservatory/Lean To

14 9 x 7 6 (4.53m x 2.31m) Glazed surround, timber frame, poly carbonate roof, double doors to garden, additional door to side, power point, tap.

Landing

Double glazed window to side, loft access, airing cupboard, doors to:

Bedroom 1

13 2 x 8 10 (4.02m x 2.7m) Double glazed window to front, radiator, fitted wardrobes.

Bedroom 2

9 8 x 8 9 (2.97m x 2.69m) Double glazed window to rear, radiator.

Bedroom 3

10 3 x 7 1 (3.13m x 2.17m) Double glazed window to front, radiator, over stairs storage cupboard.

Bathroom

Obscure double glazed window to rear, 3 piece suite comprising of low level WC, pedestal wash hand basin, bath with shower system over, part tiled walls, radiator.

Rear Garden

Paved patio area, 2 steps leading to level lawned area, well established shrubs, bushes & trees, side access gate to front, personal door to garage, enclosed.

Front Garden

Driveway providing off street parking, mainly laid to stone chippings.

Garage

16 11 x 8 6 (5.16m x 2.61m) Up and over door, light and power, wall mounted boiler, door to garden.



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

£ 324450

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
    £ 9750
  • 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

£ 31950
  • 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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