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£585,000 Guide Price
Bedrooms
Bathrooms
Guide Price 585,000 - 600,000
Gatehouse Cottages is situated in the picturesque village of Brenchley. The village has an excellent primary school and a good range of local facilities including two award winning Real Ale country pubs, The nearby village of Horsmonden also has a very good local post office, newsagent and two public houses. There are excellent local secondary school options within both the state and independent sectors. Paddock Wood (3 miles) has a large Waitrose supermarket, a department store, coffee houses and a mainline station serving Central London in approximately 50 minutes. The vibrant spa town of Tunbridge Wells is only 8 miles away and has an excellent range of recreational and shopping facilities and a wide selection of well-regarded restaurants. The wider road network is within easy reach, with the A21 being just a few miles distant.
The property itself is a beautiful Grade II listed cottage dating C18. with feature exposed beams and fireplace. Internally comprising modern fitted kitchen, sitting room / dining room, two set of stairs lead to the first floor which offers family bathroom and three bedrooms. The property has modern internal insulation and a new heating system installed in 2019. Externally there is beautiful established rear garden, private gated driveway leading to detached garage. Viewing comes highly recommend.
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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