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£500,000 Guide Price
Bedrooms
Bathrooms
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Positioned on the highly desirable St James Road in Sutton, this 4-bedroom detached bungalow offers a fantastic opportunity for those seeking a full renovation project with outstanding potential.
Requiring comprehensive refurbishment throughout, the propertys generous footprint, detached layout and classic proportions provide an ideal foundation for redesign, extension, or even redevelopment (subject to the necessary planning consents). With high ceilings and well-sized rooms, the bungalow invites creative transformation into a truly exceptional home.
The ground floor (745 sq ft) comprises a spacious open plan lounge (162.56 sq ft) and a bright kitchen diner (98.13 sq ft), offering excellent space for modern family living. Two of the four bedrooms are located on this level - bedroom 3 (108.07 sq ft) and bedroom 4 (105.04 sq ft) - along with a substantial main bathroom (53.46 sq ft) and a separate ground floor WC (13.77 sq ft). Upstairs (357 sq ft), youll find bedroom 1 with its own ensuite (160.59 sq ft), as well as bedroom 2 (161.60 sq ft), completing the well-balanced home.
Externally, the property benefits from a wide driveway providing ample off-street parking and a generous rear garden that offers privacy and plenty of space for landscaping or extension.
Located close to Sutton town centre, highly regarded (Ofsted-rated 'Excellent' + 'Good') schools and great transport connections - including Sutton station with direct links to Central London - this is a rare and exciting prospect for developers, investors, or homebuyers looking to craft their dream property in a great location.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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