3 bedroom detached for sale

£575,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

'''Guide Price 575,000 - 600,000'''

Contact us to arrange your viewing slot, to avoid missing out!

Langford Russell present this rarely available three double bedroom contemporary detached cottage to the sales market.

Subject to suitable planning permission, this cottage provides ample scope for extension to the first floor, creating an even bigger second floor living/bedroom space.

Impeccably designed throughout, boasting the decoration with 'Farrow & Ball', new insulation, bi-fold doors leading to rear garden, modern fitted boiler, and much more.

The extended residence being converted into a spacious open plan modern designed property, located in the ever-popular Farningham village.

In the heart of Farningham, set on a popular road with many local amenities within walking distance, some to include Farningham Woods, popular pubs, restaurants, shops and more.

Eynsford is also nearby with beautiful walks, local restaurants, and streams, plus the outstanding and ever popular Anthony Roper Primary School.

This is a well secluded location in a quiet yet easily accessible area with amenities to include the M25/A20/M20 road links, Bluewater shopping centre, town centres such as Swanley /Dartford with fantastic commute into central London.

Property comprises Entrance porch, entrance hall with under stair storage area, two double bedrooms to the front, open plan modern fitted 2711x910 kitchen opening into reception one leading into reception two/dining area and utility room with modern fitted ground floor shower room.

To the first floor 145x910 master bedroom with en-suite bathroom and large built in storage cupboard.

Externally you will find off street parking to front, double gates to side, offering a large side plot leading to a beautiful landscaped rear garden, boasting a spacious patio seating area, artificial lawn area, and garage to side.

STPP this cottage still has further ample scope for extension.

Contact us to arrange your internal inspection, viewing is highly recommended!

Tenure - Freehold
Council Tax Band - E
Energy Performance Certificate - D

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

£ 477075

Mortgage Loan to Value

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Gross Yield

%

Annual ROI

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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
    £ 14375
  • 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

£ 45825
  • 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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