2 bedroom detached bungalow for sale

£775,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Located in a leafy setting right on the edge of Epping Forest, this delightful 2 bedroom detached bungalow offers a rare blend of countryside and city convenience. Positioned just a short 10 minute walk to Chingford Station, with direct links into London Liverpool Street, its perfect for both commuters and nature lovers. The property has a welcoming reception hall/study that leads to two well proportioned double bedrooms plus a bright and spacious lounge/dining room that looks out onto a well maintained and mature rear garden. There is a separate kitchen with ample storage and workspace and a neatly presented bathroom and an adjacent separate w.c. A detached garage is approached via a shared driveway. With Epping Forest on your doorstep, youre spoiled with walking trails, scenic views, and wildlife, yet all the amenities of Chingford, including shops, cafs, restaurants and schools just minutes away. There is scope to extend, subject to planning permission.


Accommodation comprises:-


Double glazed leaded light main entrance door opening to:-


SPACIOUS L SHAPED RECEPTION HALL: double glazed windows to front with fanlights opening over, coved ceiling, radiator, two wall light points, built in storage cupboard, access to loft space.


BEDROOM 1: double glazed windows to front, fitted wardrobes, radiator, coved ceiling.


BEDROOM 2: double glazed windows to rear overlooking the rear garden, fitted sliding mirrored wardrobes to one side, radiator.


BATHROOM: frosted double glazed window to side, fully tiled, suite comprising of panelled bath finished in white with chromium mixer taps and handheld shower fitting, vanity basin with storage below, tiled floor, radiator.


SEPARATE W.C.: frosted double glazed window to side, low flush w.c., half tiled walls.


LOUNGE/DINING ROOM: double glazed windows to rear and side, door opening to patio, coved ceiling, radiator, two wall light points, decorative fireplace surround.


KITCHEN: double glazed windows and door opening to side, fitted wall and base units, contrasting worktops, sink unit with chromium mixer tap, integrated Bosch oven with four ring gas hob and extractor above, plumbing for washing machine, space for upright fridge/freezer, wall-mounted Glow-Worm gas central heating boiler, part tiled walls, radiator.


GARDEN: approx. 69 (21m) in depth, extensive paved patio and well maintained lawn with flowerbeds and shrubs bordering, gate to a shared driveway which also accesses the single DETACHED GARAGE.


FRONT GARDEN: lawn and shrubs, access to detached Garage via a shared driveway.


Any descriptions of equipment, appliances or services do not imply that they are in good or serviceable condition. All areas, measurements & distances are approximate and are intended for guidance only. Purchasers must satisfy themselves about any statements made in these particulars, especially if they are travelling a long distance in order to view the property. Personal items and other belongings are not included in the sale, unless specifically stated in our text description. As with all Estate Agents, Next Move are subject to The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. We are registered with and supervised by HMRC for compliance, and therefore required by law to conduct due diligence on all customers (vendors and purchasers), which includes, but is not limited to, verifying customers identity by way of photo and address documentation, electronic checks, obtaining proof of ownership of property, establishing any beneficial owners, and verifying proof and source of funds. We obtain a copy of these documents for our records, and this data is kept for at least five years from the end of our business relationship. These requirements come under part of our Anti Money Laundering Policy and we are unable to begin a business relationship with any customer if we are unable to obtain the information needed. Subject to circumstances, we may also seek to obtain supporting documentation.



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

£ 642075

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
    £ 19375
  • 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

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£

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

£ 60825
  • 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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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