5 bedroom detached for sale

£1,100,000 Offers in excess of

5

Bedrooms

2

Bathrooms

Floorplan

A spacious well-presented property with highly versatile accommodation, large living areas and internal purpose built annex (with a second kitchen); Sitting amongst private grounds of approx. 1.2 acres and backing onto farmland. Ideally located within a semi-rural location, yet within easy reach of mainline stations as well as major road networks.

Externally benefiting from purpose built games room and a further office and gym. Tranquil grounds; formal garden for entertaining and play areas for children.

Main Property; (2494sq ft) versatile accommodation with internal annex with its own lounge, kitchen, bedroom and bathroom. The main property overall comprises of five bedrooms, three receptions, two kitchens, two bathrooms, cloakroom and conservatory.

Purpose Built Games / Party Room; (500sqft) Detached yet adjacent to the main property. Currently used as a games room with kitchenette and cloakroom. Double glazed doors overlooking the large patio. Ideal entertaining space.

Purpose Built Bedsit; (763 sq. ft) Sited towards the rear of the garden (separate telephone & broadband), wood burner, shower room and gym.

Large patio for entertaining with outlook to rear farmland. Designed to be easy to maintain mainly laid to lawn with mature shrubs and apple trees. Off road parking for a number of cars, accessed via electric gate. Three garages / storage buildings adjacent to the office suite.

Location:
West Kingsdown - Approximately 3 miles to the east.
Kemsing & Otford - Approximate 2 miles to the south
Sevenoaks - Approximately 5 miles to the south

Travel, Road & Train Links:
Otford Train Station (2.5 mile) links to London Victoria from 35 minutes.
M25 Motorway (5.5 mile) for Gatwick & Heathrow Airports.

Schools:
Otford Primary (2.9 mile)
St Michaels Prep (2.2 mile)
Tunbridge Wells Grammar TN13 (4.9 mile)
Weald Of Kent Grammar TN13 (4.9 mile)

Energy Efficiency Rating: E
Council Tax Band - E

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

£ 906450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 27500
  • 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

£ 81450
  • 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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