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£550,000 Guide Price
Bedrooms
Bathrooms
SOLD SUBJECT TO CONTRACT VIA CLIFTON & CO
For sale by Modern Method of Auction; Starting Bid Price 550,000 plus Reservation Fee.
For Sale by Auction T & Cs apply
Subject to an undisclosed Reserve Price
Reservation Fee applicable
The Modern Method of Auction
Oakridge, a charming and spacious 1950s detached house located on the picturesque White Hill Road in Meopham, Kent. This extended 3/4 bedroom property offers versatile accommodation, perfect for families seeking a home with bags of potential. Situated on a generous plot of just over quarter of an acre, Oakridge boasts a large elevated frontage with ample parking, ensuring ease and convenience for residents and visitors alike. The expansive garden offers endless possibilities for outdoor living, entertaining and gardening.
The ground floor of the property features a comfortable sitting room and a separate family room, providing ample space for both relaxation and entertainment. The well-appointed kitchen, with an adjoining utility room, offers practicality and convenience, while the bright conservatory allows you to enjoy the garden views throughout the year. A key highlight of the property is the ground floor bedroom, complete with its own shower room, offering flexibility for various living arrangements, whether for guests, elderly relatives, or even as a home office. Upstairs, the additional bedrooms provide plenty of space for family members or can be adapted to suit your needs.
Oakridge is not just a house; its a home with immense potential, ready for its next chapter. Nestled in the heart of Meopham, Kent, Oakridge benefits from its prime location in one of the countys most desirable villages. Meopham is renowned for its beautiful countryside with an extensive network of public footpaths offering a perfect blend of rural charm and accessibility. The village is home to a variety of local amenities, including shops, traditional pubs, and highly regarded schools, making it an ideal setting for family life. Excellent transport links, including Meopham railway station with direct trains to London, make commuting a breeze, while the nearby A2 and M25 provide easy access to London and the coast.
This property is available with vacant possession, providing a smooth and hassle-free buying experience, offering a rare opportunity to secure a family home with ample space to grow and personalise. We highly recommend an early viewing to explore the vast potential that this home presents and to make this exceptional property your own.
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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