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£1,200,000 Guide Price
Bedrooms
Bathrooms
Offered for sale is this unique opportunity to purchase a 1930s detached family home situated within a commutable distance to Central London by both road & rail. Hollytrees is a detached dwelling with equestrian facilities including paddocks, stables and barns totalling approx. 4.3 acres (TBV) with 6ft chain link & weatherboard fencing boundaries. Situated centrally to the towns of Paddock Wood & Tunbridge Wells both approx. 4.5miles in distance where there is an abundance of shopping and leisure facilities and mainline stations servicing London.A detached three storey dwelling of brick and render construction under brick tile roof. With triple glazed glazed windows to the front, internally accommodation comprises entrance hall, fitted kitchen LPG hob installed, sitting room, dining room, two conservatories and a downstairs cloakroom WC. To the first floor there is a family bathroom, three bedrooms with the master boasting a balcony with views across the land. To the second floor there is a further bedroom.Externally there is a good size front & rear gardens laid to lawn and enclosed. There is a private gated block paved driveway to the to the front of the house accessed from the A21 allowing ample for several cars. Furthermore, there is a second private gated driveway accessed to the rear of the property via Beech Lane.In the grounds there is a single car garage, stables x4, small enclosed grass area, the main paddock, large barn and tack room. Set in a mature setting and enclosed by hedges and woodland the land extends to about 4 acres in all (TBV)
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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