A modern 3 bedroom detached bungalow for sale

£500,000 Fixed Price

3

Bedrooms

2

Bathrooms

1

Reception

Floorplan

An exciting opportunity to purchase this modern energy efficient, three bedroom detached bungalow with good-sized gardens, garage and off street parking, set in a peaceful rural location.

Offered with 'NO ONWARD CHAIN', the property accommodation breifly comprises of an entrance hall, large open plan kitchen/living room, utility room, three well proportioned bedrooms, an en-suite shower room and family bathroom.

Further benefits include energy efficient air-source heat pump central heating, individually thermotsaically room controlled under floor heating and uPVC double glazed windows & doors.

With plenty of beautiful countryside to explore locally, the stunning beaches of Bude just seven miles away and the amenities of Holsworthy Town just four miles distant, this beautifully presented property is an opportunity not to be missed!




Features
  • Freehold


Property additional info

Location:
The Peaceful hamlet of Pancrasweek lies about four miles north west of the town of Holsworthy. The town benefits from having many local shops and businesses including a 'Waitrose' supermarket, petrol garage with M&S to go shop, bank, food serving public houses & restaurants, schools for all ages, a health centre, a dentist, vets and leisure facilities including an indoor heated swimming pool and 18 hole golf course. Bude beach and the stunning north Cornish coastline is only 7 miles away and the larger towns of Bideford and Launceston are also within easy reach by car or bus. The Cathedral City of Exeter is approximately 1 hours drive away with its links to the M5 motorway network, fast train line service to London.

Entrance Hall: 6.75m x 1.69m (22.15ft x 5.54ft)
Modern composite double glazed front door, fitted carpet, open reach socket, double power sockets, underfloor heating. Note: The entrance hall has been designed in such a way, that if a vendor wished to convert the loft, a staircase can easily be fitted in to the rear of the hallway.

Kitchen/Living Room: 12.37m x 4.00m (40.58ft x 13.12ft)
Kitchen Area: Modern wall/base storage cupboards & drawers, work surfaces & centre island, built-in dishwasher, built-in electric oven & hob with extractor hood over, composite sink/drainer with mixer tap, space for fridge/freezer, double power sockets, uPVC double glazed window, under floor heating, vinyl flooring. Living/Dining Area: Underfloor heating, fitted carpet, uPVC double glazed French doors with full length side windows, further uPVC double glazed window, tv & satelite points, double power sockets.

Utility Room: 4.43m x 2.14m (14.53ft x 7.02ft)
Modern fitted wall/base storage cupboards & drawers, work surfaces, space & plumbing for a washing machine & tumble dryer, composite sink/drainer with mixer tap, uPVC double glazed window, under floor heating, vinyl flooring, double power sockets, uPVC double glazed rear door.

Inner Hallway:
Under floor heating, fitted carpet, double power sockets.

Bedroom One: 3.34m x 3.27m (10.96ft x 10.73ft)
Under floor heating, fitted carpet, uPVC double glazed French doors with full length side windows, double power sockets, tv point.

En-Suite Shower Room: 2.21m x 1.18m (7.25ft x 3.87ft)
Fully tiled, double shower cubicle with mains fitted shower, low level w.c, wash hand basin with vanity storage beneath, extractor fan, uPVC double glazed window, heated towel rail, vinyl flooring.

Bedroom Two: 3.82m x 3.00m (12.53ft x 9.84ft)
Underfloor heating, fitted carpet, uPVC double glazed window, tv point, double power sockets.

Bedroom Three: 2.96m x 3.00m (9.71ft x 9.84ft)
Under floor heating, fitted carpet, uPVC double glazed window, double power sockets.

Bathroom: 2.20m x 2.21m (7.22ft x 7.25ft)
Fully tiled, bath with centre taps, corner shower cubicle with mains fitted shower, low level w.c, wash hand basin with vanity storage beneath, heated towel rail, extractor fan, uPVC double glazed window, vinyl flooring.

Outside

Garage: 6.00m x 3.50m (19.68ft x 11.48ft)
Electrically operated roller door, fitted power & light, uPVC double glazed rear door.

Parking:
To the front of the property is a brick laid drive capable of receiving several vehicles. Outside tap.

Rear Garden:
Mainly laid to lawn. Two vegatable beds.

Tenure:
Freehold

Services:
Mains Water Modern Private Drainage (shared) Mains Electricity Council Tax Band 'D'

Nearest Stations:

20.36 miles
Okehampton
21.64 miles
Sampford Courtenay
21.9 miles
Chapelton
22.7 miles
Umberleigh
22.77 miles
Portsmouth Arms

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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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