4 bedroom terraced for sale

£550,000

4

Bedrooms

2

Bathrooms

Floorplan

Acorn is thrilled to welcome to the market this larger than average, 4-bedroom house, on this ever so popular development in Phoenix quarter of Dartford
Spread over an impressive four floors of space and offered to the market chain free. The ground floor accommodation comprises entrance hallway offering built in storage, home study, cloakroom, and main reception.To the lower ground floor open plan kitchen/ diner with fitted kitchen units and patio doors leading to the easily maintainable rear garden, which offers rear access.
To the first floor you will find the second bedroom which is a generous size double room, well-appointed family bathroom and second bedroom with views of the garden. Lastly, to the 2nd floor you will find the luxuriously spacious master bedroom and bright shower room, offering plenty of natural light from the double sky lights.
The property is a lot larger than many other properties within Phoenix Quarter, making it perfect for a family home.
Burroughs Drive is located within 0.5 miles of Dartford Station and Town Centre and is also within the catchment for reputable local schools including Dartford Grammar and Brent Primary School, which has an Outstanding Ofsted Rating. Within a short distance you can find Dartford Library, central Park which is popular through the year with ongoing events for families and young children, and a plethora of shops, cafes, bars and restaurants.
The town is still home to major brands such as Sainsburys, W.H. Smiths, and Boots. With Bluewater regional shopping centre just outside the town, the high street has seen a very good growth in cheaper brands such as Primark and Wilko taking over empty premises.
Dartford is served by many bus services provided by Transport for London, Arriva Kent Thameside and Go Coach Buses.These routes connect Dartford with areas including Bexleyheath, Crayford, Erith, Gravesend, Greenhithe, Orpington, Sidcup, Swanley, Welling & Woolwich
London Borough Of Dartford Band E
Energy Efficiency Rating B

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

£ 456450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13750
  • 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

£ 43950
  • 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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