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£290,000
Bedrooms
Bathrooms
This three-bedroom detached bungalow on Smeeth Road, Marshland St. James presents an excellent opportunity for those seeking a property with great potential. This spacious home offers the perfect blank canvas for buyers looking to create their ideal living space.
The bungalows layout includes a generous lounge, separate dining room, modern fitted kitchen, conservatory, three well-proportioned bedrooms, and a family bathroom. The property also benefits from a utility room and ample hallway space. Outside, there is a private rear garden providing excellent scope for outdoor enjoyment. To the front there is a large driveway for ample off-street parking.
Located in the rural village of Marshland St. James in Norfolk, this property offers a peaceful countryside setting while remaining accessible. The market town of Wisbech is approximately 6 miles away, providing access to shopping facilities, amenities, and transport links. Kings Lynn, with its direct rail connection to London Kings Cross, is around a 20-minute drive.
This property offers a rare opportunity to put your personal stamp on a detached bungalow with excellent potential. With its spacious layout and peaceful village location, we strongly recommend viewing to fully appreciate the possibilities on offer.
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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