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£1,250,000
Bedrooms
Bathrooms
PRICE RANGE: 1,250,000 - 1,300,000; This property enjoys a highly desirable location in the Culverden area of Tunbridge Wells set slightly to the north west of the town centre and significantly within easy reach of footpaths into neighbouring countryside and the common, the house is within striking distance from the towns highly regarded secondary schools and is a mile or so from the central railway station. An excellent opportunity to acquire an appealing detached residence, tile hung to its upper elevations and benefiting from a two storey extension undertaken by the current owners, it now affords just over 2,000 sq ft of accommodation arranged as follows. Ground floor entrance porch, generous hallway, cloakroom and WC, a through reception room with central focal point fireplace, raised hearth and timber surround, office with attractive herringbone finished timber flooring, superb extending kitchen dining space with the feature central island and breakfast bar, Corian work surfaces and high gloss door fronts throughout, length of working surface with inset sink, mixer taps, base unit and an integrated dishwasher with matching cupboards and open space cabinet above, electric hob with extractor canopy above and adjacent double oven in housing unit, spot lights to ceiling and timber flooring extend into the dining/family area which overlooks the rear garden, utility room with sink and worktop, generous storage, conservatory with pitched roof. Upstairs there is a generous landing, the principal bedroom has recessed cupboards and an en suite shower room, there are 4 further bedrooms, 3 of which have fitted wardrobes and a spacious family bathroom, the sanitary ware is modern and white with chrome fittings, outside the plot extends in total to 0.5 acre., to the front there is a generous brick paviour driveway providing parking and turning, an attached garage with a personal door to the rear. The rear garden has a wide paved terrace excess from the conservatory, there are extensive lawned areas with established beds, borders and specimen shrubs and a timber shed towards the rear boundary where the garden levels out and affords privacy.
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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