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£595,000 Guide Price
Bedrooms
Bathrooms
Located on the first floor of this magnificent substantial detached Edwardian home, nestling in mature gardens and set well back from the road, this apartment, of 1078 sq feet, is in excellent decorative order. A particular feature is the exclusive use of a wide and spacious covered balcony which is accessed from the reception room and has space for a bistro table and chairs and overlooks the communal rear lawn. There are two allocated parking spaces at the front of the property. The communal entrance is reached via the original timber double doors which open to a spacious and elegant entrance hall with a galleried landing to the first floor. This benefits from newly laid carpet in March 2025. This spacious apartment enjoys an aspect to the front, back and side and has a superb square bay window in the dining area of the reception room. This enjoys views towards St Peters and the Church spire.The well appointed kitchen has integrated appliances and an attractive view towards St Peters. Both the bedrooms are spacious doubles with bedroom 1 having fitted his and hers wardrobes and an en suite shower room and windows to the side. This home is conveniently located for easy access to the A21 which links to the M25 network and Dunorlan Park, with its sweeping vistas and lake, is within 0.3 mile. Tunbridge Wells town centre is just 0.6 mile and the station is 0.8 mile. This home comes highly recommended.
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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