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2 Queens House, Barnstaple, EX32 8HJ
£375,000 Guide Price
Bedrooms
Bathrooms
Reception
Situated towards the head of a cul-de-sac on this popular residential development in Bickington, an opportunity to acquire a quietly situated detached 4 bedroom bungalow with pleasant gardens backing onto open farmland. The bungalow was originally built with an integral double garage, however this was converted into a study/bedroom and workshop many years ago, but could be reinstated back to a garage if required. The Bungalow benefits from gas fire central heating and UPVC double glazing and is available with no ongoing chain and is highly recommended for viewing. The accommodation briefly comprises of an entrance porch, hallway, lounge with square bay window, kitchen with built-in oven, hob and extractor, three bedrooms and shower room. There are two interconnecting conservatories whilst the former garage now comprises a lobby, study/bedroom four and workshop. The driveway provides parking for 2 to 3 vehicles and there are mature lawn and planted front gardens with a pleasant enclosed garden to the rear with a lawn, patio area, summer house and shed. This garden backs onto open farmland and enjoys views across the valley towards Ashford.
Bickington is a popular village situated to the South-West of Barnstable and there are good connecting links to the Town, Instow and the Tarka Trial. Also nearby are a number of local and national retailers, ample schooling facilities, whilst the area is renowned for its superb countryside and Atlantic coastline.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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