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£318,500
Bedrooms
Bathrooms
This charming bungalow offers a wonderful opportunity to live in a peaceful, well-connected village location. With spacious living areas, three comfortable bedrooms, and a lovely enclosed rear garden, its a perfect home for those looking to enjoy both comfort and convenience.
Hyde Lane is conveniently located in the peaceful village of Creech St. Michael, offering easy access to local amenities, including shops, schools, and public transport options. The property is just a short drive from the M5 Motorway, the A38 and the A358, making commuting to surrounding areas such as Taunton, Bridgwater, and beyond effortless.
Step into this welcoming bungalow through the entrance hall, which leads into a spacious living and dining area, perfect for relaxing and entertaining. Large windows flood the room with natural light, creating a bright and airy atmosphere. The fully fitted kitchen offers plenty of storage and work space for culinary enthusiasts, while the attached garage provides additional storage or potential for conversion. Both bedrooms are generously sized, with the principal bedroom benefitting from a convenient ensuite shower room. The guest bedroom is versatile and can be used as a study or hobby room. A well-appointed family bathroom with modern fixtures completes the layout of this delightful home.Outside, the property features a good sized enclosed rear gardenideal for gardening enthusiasts or simply enjoying the outdoors in privacy. The front of the property provides drive parking and access to the attached garage.
TOTAL FLOOR AREA
TENURE
Freehold
COUNCIL TAX
Somerset Council Tax Band D. Charges payable for 2024/25 - 2,184.65
SERVICES
Main services of gas, electricity, water and drainage are connected.
Broadband/Mobile phone coverage- The options of standard, superfast and ultrafast broadband withspeeds upto 1000 Mbps are available. For an indication of broadbandspeeds as wellas mobile phone signal and coverage available please refer to the Ofcomchecker website.
Agents note. This property is believed to be TruSteel Construction.
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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