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£800,000
Bedrooms
Bathrooms
A truly unique and individual family home with detached annex, which is set at the end of an access driveway offering ample parking. Reaching the end of the driveway the property open up to a driveway with parking for numerous vehicles including a side driveway for caravan parking. To the left is the family home which was originally a detached bungalow but has since been converted into a chalet bungalow with ample loft space offering further accommodation. There is still further room for development subject to the normal planning permission. The accommodation which is both generous in size and flexible in its use, consists of: a lounge/diner running from the front to the rear of the property, next to this is a modern fitted kitchen. Further down the hall are three bedrooms, the largest with en-suite, and a family bathroom. From the entrance hall is a staircase leading upstairs where you are presented with a further reception (which could be used as another bedroom) and a further double bedroom with an en-suite. Across from the main residence is a triple garage which has been converted to a annex guest house for when family visit. Inside there is an L shaped reception/kitchen area which leads onto a double bedroom with en-suite bathroom. Gardens surround the property with a sociable patio area for entertaining in the summer months and an artificial lawn area, plus there are further patio areas and storage sheds. The property is positioned in a popular location which offers convenient access to the M20/A2/M25 motorway networks and within close proximity of Dartford and Farningham Road mainline rail stations.
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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