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£495,000
Bedrooms
Bathrooms
A mature Detached Chalet Bungalow, built circa 1947, situated in the sought after residential area of Wolborough Hill on the edge of Newton Abbot, with fine views over the countryside and across to Decoy Woods.
The property has been owned by the present occupiers for 45 years, and has been lovingly upgraded and maintained by them during this time.
The property occupies a spacious plot with delightful landscaped gardens, incorporating an abundance of mature plants, trees, shrubbery and generous lawned areas. There are also two patio areas, one covered with a vine, from where you can enjoy alfresco dining during the warmer months.
The internal accommodation comprises entrance reception hall, lounge, kitchen/breakfast room, 2 bedrooms and bathroom on the ground floor. On the first floor there is a spacious master suite comprising a spacious bedroom with en-suite shower room, dressing room and additional storage area.
The property is situated within easy reach of all local amenities to include shops, supermarkets, leisure centre, local hospital, doctors surgery, the mainline rail link to London Paddington and road links via the A38/A380/M5 for onward journeys.
Further features include off road parking to the front and a garage with electric up and over door with light and power.
For those seeking a spacious property set in a larger than average size plot in this sought after area, an internal viewing is highly recommended.
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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