2 bedroom detached bungalow for sale

£575,000

2

Bedrooms

3

Bathrooms

3

Reception

Floorplan

This spacious and thoughtfully designed bungalow offers versatile living in a picturesque setting. Formerly three double bedrooms, two have been combined to create an impressive master suite with an en-suite shower room. The property boasts multiple reception areas, with two multi-fuel stoves, including a dual-aspect stove heating both the striking entrance hall and a cosy sitting room. Sun tunnels throughout internal rooms provide natural light, and the conservatory features a warm roof, making it a delightful dining and living space. There is also a bespoke kitchen-diner that seamlessly combines functionality and style, creating the perfect space for cooking, dining, and socializing. The bungalow benefits from gas central heating, double glazing, and a wraparound garden, predominantly south-facing, with stunning far-reaching views. Off-road parking is ample, with a private driveway, carport, and a double garage. This property is being sold with no onward chain.

The accommodation includes; entrance porch, entrance hall, sitting room, dining room, living room, kitchen-breakfast room, two double bedrooms with en-suite shower rooms, and a large bathroom. Additional features externally accessed boiler room/utility area and an external WC.

Outside, the property is accessed via private double gates leading to a carport and double garage on the north side. On the south side, a large garden spans the length of the plot and wraps around the rear, featuring patio areas perfect for relaxation or al fresco dining. The front patio is highlighted by a centrally planted cherry tree, while the rear is tailored for seating and entertaining. Outbuildings include an insulated and double-glazed summer house, currently serving as a sewing room, a double-glazed hide, and a large, insulated shed, all equipped with power.

Situated in the market town of Crewkerne, the property benefits from numerous local amenities, including supermarkets (Waitrose among them), a swimming pool, medical facilities, pubs, restaurants, schools, and churches. Transportation is convenient, with a local bus service and a mainline railway station connecting Waterloo and Exeter. Yeovil (9 miles), Taunton (19 miles), and the scenic Dorset Coast (14 miles) are within

Agent Note

The current owners have explored returning the large room into two double bedrooms and understand it to be a straightforward process

Nearest Stations:

1.01 miles
Crewkerne
8.87 miles
Yeovil Junction
9.43 miles
Yeovil Pen Mill
9.96 miles
Thornford
9.97 miles
Chetnole

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

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 14375
  • 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

£ 45825
  • 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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