Beautiful four bedroom bungalow for sale with a rural outlook

£450,000

4

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Welcome to this stunning renovated and significantly extended four-bedroom bungalow nestled in the sought-after area of Oake. Boasting a modern design with a focus on contemporary living, this property offers a perfect blend of style, comfort, and functionality.

As you step inside, you're greeted by a generous hall leading to all rooms. The hub of the property is the fantastic open-plan kitchen/living room, designed to maximize space and natural light. Full-width bi-folding doors seamlessly connect the indoor and outdoor living spaces, allowing you to bring the outside in and enjoy the beautiful surroundings.

The kitchen is a focal point of the home, featuring sleek cabinetry, integrated appliances, and a generous island where the family can gather and create lasting memories together. In addition to this, there is a useful utility room for laundry and coats.

Three of the four bedrooms offer tranquil views of the garden and provide direct access through sliding doors, bringing a sense of the outdoors into your private space. The master bedroom boasts a large en suite bathroom, providing a luxurious retreat for relaxation.

The fourth bedroom, currently utilized as an office, offers versatility and ample space for various uses, including a small double bedroom if desired.

The rear garden provides a private sanctuary, with a serene outlook over the farmland behind, offering a peaceful retreat to unwind and enjoy nature's beauty.

Outside, the property features a large gravelled area for convenient parking and a single garage with an electric door for added convenience and security.

Don't miss this opportunity to own a contemporary haven in the heart of Oake, where modern living meets tranquility. Schedule a viewing today to experience all that this exceptional property has to offer.

Please see the floorplan for dimensions

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Features
  • Freehold

Nearest Stations:

4.58 miles
Taunton
9.84 miles
Tiverton Parkway
11.92 miles
Bridgwater
15.67 miles
Honiton
16.67 miles
Feniton

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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

Adjust these figures

  %
  %
£
  %

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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