Quietly situated bungalow on village outskirts

£400,000 Guide Price

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan

Occupying an easily maintained level plot on a tucked away residential road on the outskirts of Braunton is an opportunity to acquire an extended detached bungalow in need of some general refurbishment and updating and is available with no ongoing chain. We feel this bungalow will make an ideal family home or holiday investment with low-maintenance gardens. The accommodation briefly comprises of an entrance porch, hallway, lounge, dining room which opens into the separate sitting area, kitchen, utility room, three double bedrooms and a wet room. There is an integral garage, Astroturf front lawn, with an easily maintained paved and planted rear garden.

Saunton and Croyde beaches are a few minutes drive away whilst Braunton Burrows & Saunton Golf Club are also close at hand. Braunton is a popular village offering a good number of everyday shops, amenities and services.



Property additional info

Entrance Porch:
UPVC double glazed door off, fitted carpet.

Entrance Hall:
Glazed door off, access to loft space, fitted carpet.

Lounge: 4.49m x 4.34m (14' 9" x 14' 3")
Fitted carpet.

Sitting Area: 3.11m x 3.07m (10' 2" x 10' 1")
A double aspect room with sliding patio doors to rear garden, radiator, laminate flooring.

Dining Room: 4.51m x 2.78m (14' 10" x 9' 1")
Airing cupboard housing factory lagged cylinder, built-in storage cupboard, radiator, laminate flooring, open access to

Kitchen: 3.04m x 1.66m (10' x 5' 5")
Inset single drainer sink unit with drawers and cupboards below, adjoining working surface with cupboard and space below, plumbing for washing machine. Working surface with cupboard below, range of wall units, laminate flooring.

Utility Room: 2.42m x 1.78m (7' 11" x 5' 10")
UPVC double glazed door to outside.

Bedroom 1: 3.39m x 3.18m (11' 1" x 10' 5")
Range of built-in wardrobes to one wall, radiator, fitted carpet.

Bedroom 2: 3.58m x 3.15m (11' 9" x 10' 4")
Radiator, fitted carpet.

Bedroom 3: 3.04m x 2.73m (10' x 8' 11")
Radiator, fitted carpet.

Wet Room: 2.16m x 1.66m (7' 1" x 5' 5")
This room has fully tiled walls with a shower area, screened by a glazed shower screen. Low level W.C. , pedestal wash, hand basin, heated towel rail.

Outside:
The bungalow stands on a level plot with a brick paved driveway which provides hardstanding for one car. There is a brick paved pathway which leads to the door and extends across the front of the bungalow to a side gate which gives access to the rear. The front lawn has been laid with Astroturf for ease of maintenance and there are planted side beds. There is pedestrian access to the side of the bungalow leading to a level enclosed rear garden bordered across the rear elevation by a feather edged fence. There is a newly cultivated area of garden plus a further area which has been partly fenced off to provide a degree of privacy. This area is predominantly paved with some bushes and shrubs. There is a useful outside tap .

Garage: 4.83m x 2.46m (15' 10" x 8' 1")
Automated roller door, light and power connected.

Services:
Mains water, electricity, gas and drainage connected.

Council Tax:
Band D. Please note Council Tax bandings can be reassessed after a change of ownership, for further information please contact the local authority.

EPC:
Band D

Tenure:
Freehold

Viewing:
By appointment through Woolliams Property Services. Telephone: Office Hours 01271 328586 Out of Office Hours: 07977 269098 or www.woolliamspropertyservices.com

Agents Note:
Prior to this property going onto the open market, the vendors sold part of the rear garden to a neighbour of an adjoining property.

Useful Information:
To find out further useful information on this property such as bin collection days, whether this is a conservation area, planning history etc why not check the North Devon Council website: www.northdevon.gov.uk/my-neighbourhood

Directions:
What3words/// absorb.headings.voted

Nearest Stations:

5.59 miles
Barnstaple
9.31 miles
Chapelton
11.56 miles
Umberleigh
14.5 miles
Portsmouth Arms
16.91 miles
King's Nympton

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

£ 332700

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
    £ 10000
  • 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

£ 32700
  • 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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