5 bedroom detached for sale

£1,400,000

5

Bedrooms

2

Bathrooms

Floorplan

Detached five bedroom double fronted house situated within the sought after Christchurch conservation area close to all amenities within a very short walk to Sidcup train station and Sidcup High Street.

Having retained many original features including beautiful feature fireplaces, coved ceilings, picture rails and skirting boards.

As you approach the property there is an in and out drive for multiple cars and two side accesses.

The accommodation comprises; entrance hall, three reception rooms, kitchen and breakfast room, WC, garage, workshop and conservatory. On the first floor there are four double bedrooms and en-suite. There is a mezzanine level between the ground and first floor with the fifth bedroom and family bathroom.

The rear garden extending approximately 120ft and 65ft wide with fruit and veg patch is simply stunning and must be viewed to be appreciated. There is a Burton Shaw shed and a 12 ft by 8 ft Rhino greenhouse.

A new Vaillant boiler and hot water tank with immersion has recently been installed. Fibre optic internet has recently been connected, ideal for working from home.

Location is excellent for Chislehurst and Sidcup Grammar School and a plethora of primary schools including West Lodge and Benedict House Preparatory Schools. The property is equidistant to Sidcup train station with direct services into London Cannon Street, Charing Cross and London Bridge, and Sidcup High Street which offers a vast range of shops, restaurants and bars. There are also 8 different bus routes which provide an excellent service locally to Greenwich, Cutty Sark. The Superloop bus services Abbey Wood Station for the Elizabeth Line which takes you directly to Heathrow Airport.

Council Tax Band G.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1168950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 35000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 118950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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