5 bedroom semi-detached for sale

£800,000 Offers in excess of

5

Bedrooms

2

Bathrooms

Floorplan

Black and Blanc present this charming five-bedroom semi-detached house located on the desirable Highfield Drive in West Wickham. The property offers over 1,800 square feet of space, including five well-proportioned bedrooms, two reception rooms, two bathrooms, a beautiful south facing garden, driveway, and garage. This is a practical and spacious family home in a prime location. To truly appreciate the charm and potential of this property, a viewing is a must.

As you step into the property, you are greeted by a generous and inviting hallway that sets the tone for the rest of the property. To your right, two bright and airy reception rooms offer an abundance of natural light, perfect for relaxing or entertaining. Straight ahead, youll find a well-appointed kitchen with an adjoining utility area for added convenience. The ground floor is complete with a convenient WC, adding to the homes thoughtful layout.

The first floor of the property features three well-appointed bedrooms, including two with generous built-in storage solutions and a third currently utilized as a dedicated home office. A beautifully designed family bathroom completes this level, providing comfort and convenience. The loft has been meticulously converted to offer two spacious double bedrooms and an additional contemporary bathroom, enhancing the homes flexibility and appeal.

The property boasts a charming south-facing garden, complete with a picturesque pond that adds a touch of tranquillity. Additionally, it includes a practical garage and a driveway, providing ample parking and storage solutions.

Highfield Drive is ideally located, offering convenient access to West Wickham High Street, the local railway station, and a selection of highly regarded schools. Families will benefit from being within the catchment areas of Hawes Down Primary, as well as Langley Boys and Langley Girls secondary schools. Commuters will appreciate the 1015 minute walk to West Wickham Railway Station, which provides regular services to Central London via London Bridge and Cannon Street, and further connections to Charing Cross and southwest England, reaching as far as Cornwall.

Black & Blanc Estate Agents is the sellers agent for this property. Your conveyancer is legally responsible for ensuring that any purchase agreement fully protects your position. Black & Blanc Estate Agents makes detailed enquiries with the seller to ensure the information provided is as accurate as possible. Please let us know if you happen to know of any inaccurate information.

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

£ 662700

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
    £ 20000
  • 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

£ 62700
  • 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

Adjust these figures

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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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