3 bedroom detached bungalow for sale

£850,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Oliver Minton Village & Rural Homes are delighted to offer this superb 3 bedroom, detached single-storey residence by respected developer Logan Homes, with a high specification, set in a corner position in this prestigious new development and enjoying open views to the rear. Halls Close is a new development of 9 individually designed and beautifully finished properties, set within the popular and picturesque village of Braughing. Each property has been thoughtfully designed to compliment its location, incorporating traditional details whilst providing a high specification..

Location - Braughing is surrounded by beautiful countryside through which there are many wonderful footpaths and bridleways. The village enjoys three village pubs/eateries, a highly rated primary school, St Marys Church and numerous societies and sports clubs. In addition, there is a cricket field, tennis courts, a village hall and of course the ford that is the focal point of the annual Braughing wheelbarrow race. Stations for those who commute are not far away in Ware, Hertford and Bishops Stortford and the A10 provides excellent access to the surrounding area, the M25, London and Cambridge. Stansted Airport is about 20 or 30 minutes drive, far enough away but still convenient.

Logan Homes - Logan Homes approach each project with a fresh perspective, creating truly, distinctive and individually designed homes. While the designs may be bespoke, common to all developments are two key elements: exceptional build quality and a superb specification. A Logan home combines stunning good looks with traditional aesthetic values and all the comforts that modern homeowners expect. For complete peace of mind, all properties carry a 10-year ICW warranty. To see examples of our previous projects and the quality of finish that we provide, please do visit our website:

Halls Close Management Company - A management company will be formed and handed over to the residents on completion of the final sale of which all residents will be equal shareholders. The management company will be responsible for the maintenance of the shared access road, landscaped areas and fences.

Specification - Fully fitted kitchen, underfloor heating, heating via air-source heat pump, super-fast broadband, tile and carpet floor finishes throughout, landscaped garden.

Kitchen

Fully fitted kitchen, incorporating fitted base and eye level units with Silestone worktops
Integrated appliances including fan oven, combi microwave, induction hob
Integrated fridge and freezer
Integrated dishwasher
Sink with polished chrome tap

Utility Room

Space and plumbing for washing machine and tumble dryer
Sink with polished chrome tap
Co-ordinated wall units with worktops to match kitchen

Bathrooms

Contemporary styled bathroom
Vanity basin with chrome tap
Mirror with light and de-mist element
Showers with adjustable heads
Baths with chrome filler taps
WC with water efficient dual flush and soft close seats
Heated towel rail
Ceramic floor tiles and wall tiling to selected areas

Heating, electrical and lighting
Heating via an energy efficient air source heat pump with under floor heating
Pressurised hot water system
Polished or brushed effect chrome light switches throughout
White plastic plug sockets throughout, except above kitchen, utility counters, kitchen islands (polished or brushed effect chrome). Some sockets to incorporate USB charging outlets
Power and light to loft with ladder access Home entertainment and communications
Provision for TV points to kitchen, all reception rooms and bedrooms
Telephone point in hall
Fibre cabling providing super-fast broadband Interior finishes
Ecoburn DEFRA approved wood burning stove with slate/granite hearths and stone surround
Painted double glazed windows with French doors to rear terraces.
Ceramic floor tiles to hall, cloakroom, utility, kitchen/breakfast room and all bathrooms. Fitted carpets to the rest of the house
Fitted wardrobe to Bedroom 1
Satin paint finishes to all internal joinery
Internal walls emulsion
Half round coving throughout External finishes
Landscaped garden areas with turfed or seeded grass depending on the time of year
Natural sandstone paving to rear terrace
External tap and power point
Double garage with light, power and electric vehicle charger Security and peace of mind
External light to all external doors
Fully fitted intruder alarm
Mains fed smoke detector with battery back up fitted to hall and landing
10 year ICW structural warranty Depending on the stage of development we are happy for purchasers to have input on certain internal finishes such as kitchen finishes, carpet/tile choices and paint colours.

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

£ 703950

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
    £ 21250
  • 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

£ 66450
  • 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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