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£550,000
Bedrooms
Bathrooms
TUDORS are pleased to offer this two bedroom detached bungalow set on the East Molesey borders within easy reach of the village shops and Hampton Court with its Palace, station restaurants and shops. Offered to the market with NO ONWARD CHAIN the property does require modernisation in areas and is an ideal project for someone wanting to implement their own ideas.
The accommodation comprises; an entrance hallway, a dining room with front aspect double-glazed windows with recently added plantation window shutters. The hallway also leads to a kitchen with many eye/base level units/cupboards with worktop area and door leading to the garden. There is also two bedrooms and a bathroom with separate WC. At the end of the hallway there is a second reception room which is being used as a living room with double-glazed French doors leading to the rear garden.
Externally there is a low maintenance garden with patio areas, artificial grass and mature shrub border plants. There is also a detached brick built storage shed with windows. To the from there is an exposed garden which can be accessed by wrought iron gate to an artificial grass area with hedging and path leading to the front door. There is a shared driveway which leads to a garage. Other benefits include double glazing and gas central heating.
Located within easy reach of East Molesey village shops, supermarkets, restaurants, cafes, pubs and library. The property is also ideal for the commuter into London Waterloo with Hampton Court Station being close by (Zone 6 ? Oyster card) and Hampton Court Palace, built in the early 16th century by Cardinal Thomas Wolsey and later occupied by King Henry VIII is renowned for its Tudor and Baroque architecture and beautifully kept gardens including a maze is also within easy reach. Molesey offers many primary schools, River Walks with open recreation space (including Bushy Royal Park and Hurst Park) along with bus routes leading into Kingston (with comprehensive shopping). (EPC Rating = ) Elmbridge borough Council =D.
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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