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£755,000
Bedrooms
Bathrooms
This well located home has been extended and offers family sized accommodation. Spacious throughout, the property has two generously proportioned reception rooms perfect for entertaining and everyday family life. A 166 kitchen, a fourth bedroom/study and a handy ground floor cloakroom complete the sensibly arranged downstairs accommodation. Moving up to the first floor, you will find the family bathroom and three double bedrooms with an en-suite shower room to bedroom one. To the rear of this property is a pleasant garden, there is a garage to the side and off street parking to the front. With ample storage and much potential this spacious and well located home is well worth viewing.
Location
Bourne Vale is a residential side street convenient for a wealth of amenities. Hayes Town Centre [Station Approach] is within a few hundred yards and offers a range of shops, cafes, restaurants and two supermarkets. Hayes mainline railway station is 0.3 of a mile away and offers regular services to London Bridge, Charing Cross and Lewisham [where you can for the DLR serving Canary Wharf]. Numerous Bus Routes that serve Bromley town centre, West Wickham High Street and Oprington as close by, as are local parks which include The Knoll, Pickhurst Recreation Ground and Norman Park.
Schools
The property is well placed for numerous highly regarded schools including Hayes Secondary [0.7 of a mile], Hayes Primary [0.8 of a mile], Ravensbourne Secondary [1.2 of a mile], and Pickhurst Primary [0.8].
Further Potential
Whilst this property has already been extended, similar homes in the area have been the subject of substantial double and single storey extensions. Space to create additional living rooms and bedrooms certainly exist here too, subject obviously to the relevant local authority consents.
The Ground Floor Accommodation
Entrance Hall 3.17m (105') max x 2.21m (73')
Lounge 5.19m (17) into bay x 3.78m (125')
Dining Room 4.88m (16) max x 3.78m (125')
Kitchen 5.04m (167') x 2.35m (79')
Bedroom 4 3.40m (112') x 2.35m (79')
Ground Floor Cloakroom
First Floor Accommodation
Landing 4.61m (152') x 1.84m (6)
Bedroom 1 5.20m (171') into bay x 3.75m (124')
En-suite 2.48m (82') x 2.43m (8)
Bedroom 2 3.38m (111') x 3.05m (10)
Bedroom 3 3.05m (10) x 2.30m (77')
Bathroom 2.76m (91') x 2.27m (76')
Loft Space
The insulated attic has a light, is boarded, and has a ladder for easy access.
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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