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£299,950 Offers in excess of
Bedrooms
Bathrooms
A wonderful opportunity to acquire a period cottage brimming with beams, exposed timbers and characterful features throughout. The property, which is Grade II' Listed and therefore EPC exempt, is offered for sale free of any forward chain and occupies an elevated location in Groombridges old town, located in Kent, overlooking the villages green and close to The Crown Inn and St Johns Church. The area abounds with foot and bridle paths into neighbouring countryside, there is nearby access to the grounds of the 120 acre Burrswood Estate, which was part of Groombridge Place until a 'family division' in 1788, and subsequently purchased by David Salomons in 1832 who then commissioned a young Decimus Burton who designed the dwelling which now forms the principal hospital building. Down the hill and about 0.25 of a mile away are Groombridge villages amenities including a Post Office, independent bakery, a well stocked general store (open 7 days a week).The accommodation itself comprises to the ground floor, a living room open to a dining area, rear kitchen and a turning stairs to the first floor where there are two bedrooms, a bathroom and a separate WC. With gas fired central heating, the property has two areas of Flying Freehold with the first floor of No. 4 wrapping over the dining area and the larger bedroom of No. 5 being over the reception space of No. 6. From the kitchen door, there is a paved pathway that leads to the rear and affords access to a small detached seating area.
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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