2 bedroom park home for sale

£240,000

2

Bedrooms

Floorplan

A MARKET LEADING SHOW HOME STANDARD PARK HOME, AT THE EVER POPULAR BEAUFORD PARK SITE IN NORTON FITZWARREN. THIS 2019 TINGDENE BARNWELL 46' X 20' PARK HOME IS EXTREMELY WELL EQUIPPED AND IS COMPLIMENTED BY CONTEMPORARY DECOR. WITH GENEROUS GARDEN AREAS, OFF ROAD PARKING AND PETS ALLOWED, THIS OVER 50'S HOME IS A MUST FOR YOUR VIEWING LIST!

THE ACCOMMODATION BRIEFLY COMPRISES

RECEPTION HALL, DINING ROOM, DUAL ASPECT LIVING ROOM, UTILITY ROOM, APPLIANCE FITTED KITCHEN, HALLWAY, STUDY ROOM, BEDROOM TWO, FAMILY BATHROOM, MASTER BEDROOM WITH DRESSING ROOM & AN EN-SUITE SHOWER ROOM.

THIS HOME BOASTS USEFUL BUILT-IN CLOSET AND STORAGE SPACE THROUGHOUT THE ACCOMMODATION.

OUTSIDE

ENCLOSED GARDEN AREAS TO ALL SIDES AND A BLOCK PAVIOUR DRIVEWAY, ENCLOSED BY A GOOD QUALITY TIMBER FRAME GATE.

AN OUTSIDE TAP AND POWER SUPPPLY WILL ALSO BE FOUND.

GARAGE WITH UP AND OVER DOOR, SIDE ASPECT PEDESTRIAN DOOR, POWER AND LIGHT CONNECTED.

ACCOMMODATION

LIVING ROOM: 5.79M X 2.76M (18'9 X 9')

DINING ROOM: 2.91M X 2.51M (9'5 X 8'2)

KITCHEN: 2.84M X 2.78M (9'3 X 9'1)

UTILITY ROOM: 2.78M X 1.60M (9'1 X 5'2)

BATHROOM: 1.92M X 1.89M (6'3 X 6'2)

STUDY: 1.89M X 1.79M (6'2 X 5'9)

MASTER BEDROOM: 2.91M X 2.65M (9'5 X 8'7)

EN-SUITE: 2.38M X 1.61M (7'8 X 5'3)

BEDROOM 2: 2.78M X 2.46M (9'1 X 8'1 )


OUTSIDE

GARAGE: 4.30M X 2.53M (14'11 X 8'3)


SOLD WITH THE 2013 PARK HOME ACT

GROUND RENT 159.00 P.C.M

PETS ARE ALLOWED

OVER 50'S ONLY

COUNCIL TAX BAND: A

10% RETURN TO SITE UPON RE-SALE

Nearest Stations:

1.81 miles
Taunton
9.71 miles
Bridgwater
12.01 miles
Tiverton Parkway
15.24 miles
Highbridge and Burnham
15.95 miles
Honiton

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

£ 188700

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
    £ 6000
  • 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

£ 8700
  • 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

Adjust these figures

  %

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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