2 bedroom bungalow for sale

£250,000

2

Bedrooms

1

Bathrooms

Floorplan

Conveniently situated for Longbridge shopping centre is this much improved two bedroom link detached bungalow with garage. NO UPWARD CHAIN.

Accommodation comprising entrance hall, cloaks cupboard, refitted kitchen, lounge, inner hall, store cupboard, two bedrooms (one with fitted wardrobe), bathroom,
garage, tiered rear garden with block paved patio onto lawn, gas boiler serving radiators, double glazing to windows as specified.

ENTRANCE HALL (inner/front)
Obscure double glazed front door, coving to ceiling, wood effect floor finish, doors off. Door opening onto store cupboard with coat hooks and shelving.

REFITTED KITCHEN (side) 2.70m x 2.41m
Wood effect floor finish, strip light to ceiling, coving to ceiling, double glazed window to side. Range of base units with cupboards and drawers, complimentary worktops, single bowl single drainer stainless steel sink with mixer tap, cooker, four ring gas hob, splashback, stainless steel cooker hood, wall mounted store cupboards at high level, plumbing for washing machine, space for fridge, walls part tiled.

LOUNGE (front) 3.00m x 5.30m
Double glazed bow window, coving to ceiling, two panel radiators, electric fire with fire surround, door opening onto

INNER HALL (inner)
Coving to ceiling, doors off. Door opening onto cupboard housing Worcester gas boiler, shelving.

BATHROOM 1.49m x 2.39m
Obscure double glazed window, panel radiator, wood effect floor, panel bath with shower screen, electric shower, walls to bath part tiled, wash hand basin with mixer tap and vanity unit, mirror to wall, shaver point, WC, toilet roll holder.

BEDROOM ONE 3.61m x 2.98m
Panel radiator, double glazed window, fitted wardrobe with sliding door, coving to ceiling, access to roof space with pull down ladder.

BEDROOM TWO (rear) 2.41m x 2.68m
Double glazed sliding panel patio door onto garden, panel radiator, coving to ceiling,

REAR GARDEN
Block paved patio area, tiered lawns, garden shed, double glazed door opening onto garage.

GARAGE 2.49m x 5.34m to door.
The access to the garage is limited in width and therefore may not be suitable for some cars. Prospective purchasers should check the access prior to purchasing the property.

Agents note - the property is of timber frame construction.

REVISION 1 GTS 19/02/24

COUNCIL TAX BAND B

VIEWING:
Strictly by prior appointment via agents.

TENURE:
We are verbally advised the property is freehold. The Agent has not checked the legal documents to verify the freehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.

SERVICES:
The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The buyer is advised to obtain verification from their Solicitor or Surveyor.

FIXTURES AND FITTINGS:
All items unless specifically referred to in these sales particulars are expressly excluded from the proposed sale. Carpets as fitted, blinds as fitted to be included in the sale.

MONEY LAUNDERING REGULATIONS:
In order to comply with Money Laundering Regulations, all prospective purchasers are required to provide the following - 1. Satisfactory photographic identification. 2. Proof of address/residency. 3. Verification of the source of purchase funds including bank statements for deposits in order to purchase and copy of mortgage agreement in principle from the appropriate lender. In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.

EXTRA SERVICES:
By law, the agent must tell the client if the agent or any connected person intends to earn any commission or any other fees from offering or referring other services to the client or buyer. If the agent or any connected person earns money from any of these services or referrals the agent or the connected person would keep this commission or fee. Part of the payment for these extra services will be paid to the agent as a result of the referral. Scriven & Co offers the following services and has the following referral arrangements in place:

Scriven & Co routinely refers sellers (and buyers) to Infinity Financial Advice. It is the clients or buyers decision whether to choose to deal with Infinity Financial Advice. Should the client or a buyer decide to use Infinity Financial Advice the client or buyer should know that Scriven & Co receive a payment from Infinity Financial Advice equating on average to a figure in the order of 200 per referral.

Scriven & Co routinely refers sellers (and buyers) to certain firms of solicitors/conveyancers. It is the clients or buyers decision whether to choose to deal with any of the referral companies. Should the client or a buyer decide to use any of these companies the client or buyer should know that Scriven & Co receive a payment from these companies equating to a figure in the order of 100-200 per referral. We are informed that the solicitors/conveyancers are happy to pay this referral fee to ourselves as it significantly reduces the marketing costs that they have to allocate to sourcing new business. The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.

The agent routinely refers sellers (and buyers) to Warrens removals and storage it is the clients or buyers decision whether to choose to deal with Warrens removals and storage. Should the client or a buyer decide to use Warrens removals and storage the client or a buyer should know that the agent receives a referral fee to the value of 50 from them for recommending a client or buyer to them.

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

£ 208950

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
    £ 6250
  • 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

£ 21450
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message