1 bedroom semi-detached bungalow for sale

£195,000 Guide Price

1

Bedrooms

Floorplan

A unique single storey property, situated in a tucked away position at the end of this desirable road in the market town of Diss. The property has been updated in recent years to include a new central heating system and replacement Upvc double glazing and benefits from off-road parking and fully enclosed garden. Offered to the market with no onward chain.

Accommodation comprises briefly:

-Entrance Hall
-Sitting Room
-Kitchen
-Bedroom
-Shower Room

Outside
-Off-road Parking
-Fully enclosed lawned garden
-Quiet cul-de-sac location
-Convenient for the town centre

The Property
The entrance door opens into the hallway with tiled floor and storage cupboard. To the left hand side is the spacious sitting room with window overlooking the garden and sliding patio doors opening onto a paved seating area. The sitting room opens into the kitchen which is well fitted with a matching range of wall, base and drawer units, work tops with inset stainless steel sink unit, space for a cooker with extractor over, space and plumbing for a washing machine, cupboard housing a water softener, window overlooking the rear and wall mounted gas fired boiler.

The bedroom overlooks the garden and has a built-in wardrobe with sliding doors and further storage cupboard. The shower room has a recently fitted walk-in shower, WC, pedestal wash hand basin and heated towel rail.

Outside
A timber five bar gate with parking available in front, opens into the garden with a further pedestrian gate to the side and a path leading to the entrance door. The garden is fully enclosed and mainly laid to lawn with some established shrubs. At the rear of the property there is a further enclosed paved seating area with an outside tap. A large timber shed is included in the sale.


Location
Conveniently situated for both the town centre and the railway station, Diss is approximately half way between Norwich and Ipswich, just off the A140 with other good road links to Bury St Edmunds on the A143 and Thetford on the A1066. The town centre is a short walk away with day-to-day facilities and a bustling Friday market. The town features a number of national brands and chains with further independent shops, swimming pool and leisure centre. The town has schooling ranging from infant, to sixth form level with additional schools available in the neighbouring Eye, Bury St Edmunds and Harleston.

Fixtures and Fittings
All fixtures and fittings are specifically excluded from the sale (unless mentioned in the sales particulars), but may be available in addition, subject to separate negotiation.

Services
Gas fired radiator central heating and hot water.
Mains drainage, electricity and water are connected.
EPC Rating: tbc

Local Authority:
South Norfolk District Council
Tax Band: A
Postcode: IP22 4LP

Agents Note
This 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.

We understand there is a right of way through the garden for the neighbouring property.

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

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

£ 153825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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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
    £ 4875
  • 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

£ 7575
  • 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

Adjust these figures

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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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