2 bedroom semi detached bungalow for sale

£245,000 OIRO

2

Bedrooms

1

Bathrooms

2

Reception

Floorplan

Offered with no onward chain, this well-maintained two-bedroom semi-detached bungalow is located on the popular Montague Crescent in Garforth.

With a traditional layout the accommodation briefly comprises: a welcoming entrance hallway, a functional kitchen, a spacious lounge, a shower room, a separate WC, two good-sized bedrooms, and a bright conservatory. The property benefits from gas central heating, providing warmth and comfort throughout the year.

Previously tenanted, the bungalow generated a rental income of 975 per calendar month, making it a great investment opportunity. The current owner has ensured the property is well-maintained with up-to-date electrical installation condition reports and a valid gas certificate. With an impressive EPC rating of C, this home is also energy-efficient. Mains powered interlinked heat, smoke and carbon monoxide sensors.

Externally, the property features a well-kept lawned garden to the front. There is a spacious driveway to the front and side, offering ample off-road parking for multiple vehicles, which leads to a larger-than-average garage. To the rear, you'll find a private and not overlooked garden area, perfect for relaxing and enjoying the outdoors.

Montague Crescent is conveniently located just a short distance from Garforth High Street, which offers a wide range of amenities including bars, shops, restaurants and a doctors including many more. Garforth Train Station is also within easy reach, making this an ideal location for those commuting to work.

For more information or to arrange a viewing, please contact Tudor Sales & Lettings today on 0113 282 3056. Dont miss out on this fantastic opportunity!




Property additional info

Kitchen : 3.33m x 2.66m (10' 11" x 8' 9")
Fitted with a range of wall and base units. Laminated worktops. Sink and tap. Intergated Bosch oven, gas hob, extractor over and a stainless steel splashback. Tiled splashback. Tiled flooring. Central heating radiator. Bosch dishwasher and washing machine. Worcester Bosch combi-boiler that was installed in 2021 with a convenient Hive controller. Window to the front.

Lounge : 5.31m x 3.66m (17' 5" x 12' )
Spacious lounge with a fireplace. Window to the front. Central heating radiator. Coving to ceiling.

Bedroom 1 : 3.68m x 3.40m (12' 1" x 11' 2")
Window to the rear. Central heating radiator. Fitted wardrobe. Coving to ceiling.

Bedroom 2 : 2.95m x 2.11m (9' 8" x 6' 11")
Window to the rear. Laminated flooring. Central heating radiator.

Shower Room : 1.68m x 1.80m (5' 6" x 5' 11")
Tiled flooring and walls. Shower cubicle. Vanity unit. Window to the side.

WC: 1.70m x 0.80m (5' 7" x 2' 7")
Push button wc. Tiled flooring and walls. Window to the side.

Conservatory :
A light and airy conservatory with double glazed windows and double doors that open to the delightful rear garden. Laminated flooring. Large air conditioning unit.

Nearest Stations:

0.23 miles
East Garforth
0.35 miles
Garforth
2.01 miles
Micklefield
3.21 miles
Cross Gates
3.76 miles
Woodlesford

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

£ 192575

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
    £ 6125
  • 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

£ 8825
  • 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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