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£425,000
Bedrooms
Bathrooms
Scott & Stapleton are excited to offer for sale this substantial detached bungalow occupying a large elevated plot and located in a convenient location close to local shops & bus routes.
The property offers good size accommodation with 3 double bedrooms, 2 bathrooms, large lounge & fitted kitchen/breakfast room. Cosmetic and decorative works are required throughout.
The bungalow has a large block paved driveway, integral garage & rear garden extending to approx. 40 x 40.
Close to good schools, shops, transport links, parks & all other amenities there could also be scope for redevelopment to an extremely large house (stpp).
Offered with vacant possession & no onward chain an early internal inspection is strongly advised.
Accommodation Comprises - Wooden entrance door with stained lead light insets leading to entrance hall.
Entrance Hall - 4.67m x 2.24m (154 x 74) - Large L shaped hallway with fitted storage cupboard & further airing cupboard with hot water cylinder. Radiator, loft access. Doors to all rooms.
Kitchen/Breakfast Room - 5.11m x 2.97m (169 x 99) - Double glazed lead light window to front. Range of oak fronted base & eye level units with drawer pack, range cooker, extractor fan & spaces for washing machine, dishwasher & fridge/freezer. Roll edge worktops with inset stainless steel one and a quarter bowl sink unit with matching drainer & mixer tap. Tiled splashbacks, tiled floor, radiator, coved ceiling with spotlights.
Lounge - 5.21m x 3.66m (171 x 12) - Approached via double doors from entrance hall, double glazed french doors with adjacent double glazed windows to rear leading to garden. Feature marble fireplace, 2 radiators, coved ceiling with ceiling rose.
Bedroom 1 - 4.09m x 3.28m (135 x 109) - Double glazed window to rear. Range of mirror fronted wardrobes, radiator, coved ceiling with ceiling rose. Door to en suite.
En Suite - 2.24m x 1.02m (74 x 34) - Obscure double glazed window to side. White suite comprising of shower cubicle, low level WC & wall mounted wash hand basin. Fully tiled walls, radiator, coved ceiling, extractor fan.
Bedroom 2 - 3.66m x 3.10m (12 x 102) - Double glazed lead light oriel bay window to front. Radiator, 2 wall light points, coved ceiling with ceiling rose.
Bedroom 3 - 3.10m x 3.07m (102 x 101) - Double glazed window to rear. Range of wardrobes, radiator, coved ceiling with ceiling rose.
Bathroom - 2.21m x 2.13m (73 x 7) - Obscure double glazed window to side. White suite comprising of panelled bath with mixer tap & shower attachment, low level WC & pedestal wash hand basin. Fully tiled walls & floor, radiator, shaver point, coved ceiling with spotlights, extractor fan.
Front Garden - The property is set back and elevated from the road approached via a large block paved driveway providing ample off street parking. Access to garage & pedestrian access to both sides of the property.
Garage - Integral garage with up & over door to front, power & light.
Rear Garden - Approx. 40 x 40 with patio and remainder lawn & shrubs.
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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