4 bedroom semi detached bungalow for sale

£230,000

4

Bedrooms

1

Bathrooms

2

Reception

Floorplan

This superb Dorma-bungalow, built around 1970 has been upgraded to an excellent standard and is well situated, in a very settled neighbourhood.

Set well back from the kerbside behind a wide front garden, this property is deceptive in its size offering excellent living accommodation, 4 double bedrooms and a first floor bathroom.

An external door opens at the side of the property to an entrance hall with a staircase and a full-height cupboard. Off the hallway, the lounge has an angled box bay to the front and a wall mounted fire. Dividing doors link the lounge with a perfectly proportioned dining room. French doors open to decking and a well-maintained garden with a blend of decking and lawns at the rear. Light is shared from the front to back of the property making this a super bright space.

The dual aspect kitchen has recently installed fixtures and provides a fine selection of smart grey cupboards and units with contrasting worktops. A range of integrated appliances including a split level oven, microwave and grill. The gas hob has 5 burners and an extractor hood. A dishwasher, a tall fridge freezer and a washing machine are also iintegrated.

To the first floor are 3 further bedrooms, all with fitted bedroom furniture. The bathroom is majority-tiled and offers a full suite including a bath, basin, WC and a corner shower enclosure with a thermostatic shower.

The windows and doors of this bright, spacious accommodation are uPVC double glazed and the property has gas central heating fired by a condensing boiler installed approx 3 years ago.

Off-road parking is an option for several vehicles at the front and a driveway extends to a brick garage.

For a detailed exploration inside of the property, please check out the Virtual Tour link!

14 Marritt Way occupies a desirable plot in a welcoming, well-connected village that effortlessly combines rural appeal with everyday practicality.Residents enjoy a choice of shops, takeaways, pubs, and essential services, plus Keyingham Primary School within walking distance. Regular bus routes connect the village with Hull and nearby coastal destinations. For rail journeys, Hull station is approximately 10miles away .

Nearest Stations:

9.02 miles
Stallingborough
9.1 miles
Healing
9.31 miles
Great Coates
9.47 miles
Grimsby Docks
9.56 miles
Thornton Abbey

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

£ 180950

Mortgage Loan to Value

%

Gross Yield

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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
    £ 5750
  • 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

£ 8450
  • 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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