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£1,000,000 Guide Price
The Planning Approval:
Planning permission has been approved to demolish the existing bungalow and replace it with two detached, four-bedroom family homes
Current Site:
A detached bungalow with a detached garage to the right. Gardens to the left and extending behind the property and garage.
Location:
Conveniently situated within easy reach of both West Byfleet and Woking there are trains taking circa half an hour to reach London Waterloo. Woking Town Centre: About 1.5 miles from Laurel Crescent, the town centre is home to Peacocks Shopping Centre and Wolsey Place, with a mix of high street brands and smaller, independent stores. Smaller convenience stores can be found nearby.
New Zealand Golf club is located nearby within the stunning Surrey Heath Belt.
The area in general is served well with an excellent selection of schools both in the private and state sectors including St Andrews, Hoe Bridge and Halstead
The county town of Guildford is within ten miles to the south with its extensive range of shops, cafes, restaurants, theatre, cinema complex, the Spectrum leisure centre and mainline station. There is excellent walking and riding locally, Horsell Common is within a mile and the RHS at Wisley is just four miles away. There are a selection golf courses nearby at Woodham, Pyrford and West Byfleet including great canal walks
Transport Links:
Nearest Stations, West Byfleet and Woking
M25 Motorway ( Junction 11) Approximately 6 miles to the north, connecting to the wider motorway network including Heathrow Airport, Gatwick Airport, and routes to London or the South West.
Local buses can be accessed from stops around Hermitage Road or Lockfield Drive, providing routes to Woking Town Centre, Surrey villages, and surrounding areas.
Viewings:
Can be viewed at roadside or prior telephone appointment with agent
Available Documents:
Brochure
Planning reference
Link to planning documents
GDV
S106 Document
Approval & conditions
Design & access statement
Planning approved layouts
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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