4 bedroom detached bungalow for sale

£400,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

'' FOR SALE BY MODERN METHOD OF AUCTION '' HIGHLY IMPRESSIVE CORNER POSITIONED DETACHED BUNGALOW '' NO ONWARD CHAIN '' DESIRABLE LOCATION LOOKING ONTO KING GEORGES PARK PLAYING FIELDS '' FOUR DOUBLE SIZED BEDROOMS(POTENTIALLY FIVE) '' GENEROUS MAIN LIVING ROOM '' MODERN RE FITTED KITCHEN BREAKFAST ROOM WITH UTILITY AREA '' '' BATH/SHOWER ROOM AND WC '' FURTHER WET ROOM WC '' GATED IN AND OUT DRIVE WITH AMPLE PARKING '' GENEROUS LAWNED SIDE GARDEN '' PRIVATE AND ENCLOSED LOW MAINTENANCE REAR GARDEN WITH OUTSIDE BAR/ENTERTAINMENT ROOM '' POTENTIAL TO EXTEND (STP) '' BUYER FEES APPLY '' SUBJECT TO A RESERVE PRICE ''

WEBBS ESTATE AGENTS are delighted to bring to market this beautifully appointed, impressive and extended FOUR DOUBLE BEDROOM DETACHED BUNGALOW immaculately maintained throughout and situated in a sought after location close looking onto King Georges Park playing fields and close to amenities, shops, railway and golf club. Internally comprising of a spacious main reception hallway , four bedrooms, bath/shower room and WC, main living room, sitting/dining room/potential bedroom five, kitchen, breakfast room and utility area and a further wet room WC. Externally there is AMPLE off road parking to the front via the gated in and out driveway, generous lawned side garden, private low maintenance rear garden with bar/entertainment room. Property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited. For a viewing contact our Bloxwich office on .

Main Reception Hallway -

Family Bath/Shower Room Wc - 2.64m x 2.30m (87' x 76') -

Main Living Room - 5.77m x 3.39m (1811' x 111') -

Bedroom Two - 3.37m x 2.85m (110' x 94') -

Bedroom One - 3.73m x 3.36m (122' x 110') -

Sitting/Dining Room/Bedroom Five - 3.74m x 3.34m (123' x 1011') -

Modern Re Fitted Kitchen - 4.55m x 3.27m (1411' x 108') -

Breakfast Room/ Utility Area - 4.57m x 2.51m (1411' x 82') -

Inner Hallway -

Wetroom Wc - 2.33m x 1.67m (77' x 55') -

Bedroom Three - 3.63m x 3.49m (1110' x 115') -

Bedroom Four - 3.53m max 1.78m min x 5.12m max 2.47m min (116' -

Gated In And Out Front Driveway And Garden -

Generous Lawned Side Garden -

Outside Bar And Entertainment Room - 3.59m x 2.74m (119' x 811') -

Private And Enclosed Low Maintenance Rear Garden -

Identification Checks - Should a purchaser(s) have an offer accepted on a property marketed by Webbs Estate Agents they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is 28.80 inc. VAT per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.

Auctioneers Comments - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay 300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of 6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than 450.00. These services are optional.



Features
  • Freehold

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

£ 332700

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
    £ 10000
  • 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

£ 32700
  • 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

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  %

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

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  %

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

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