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£950,000
Offering approximately 3,300 sq ft of accommodation, this exceptionally spacious detached family homebuilt in 1975 and owned by the same family since 1977comes to the market for the first time in nearly five decades.
Located in the highly sought-after Christ Church Conservation Area, the property presents an excellent opportunity for a buyer to modernise, remodel, or further extend (subject to consent) to create a contemporary family home in a prime location.
Under half a mile to Sidcup train station and High Street and a short walk to Chislehurst and Sidcup Grammar School and several preparatory schools including Benedict House, West Lodge and Merton Court.
While the house requires updating throughout, it has been very well maintained by the previous owner, providing a solid and well-cared-for foundation for future improvements.
The ground floor accommodation comprises a spacious entrance hall leading into a generous reception hall, lounge, music room, dining room, study, conservatory, cloakroom, kitchen, utility room, and a ground-floor bedroom with an en suite bathroom. There is access from the hallway to the large single garage and double garage that could be converted into the main living accommodation subject to the usual consents.
To the first floor, there are four bedrooms, including a principal bedroom with an en suite shower room, along with a separate family bathroom..
Outside on the front driveway you can park several cars and the rear garden features a patio, lawn, shed and a large workshop at the end of the garden which is approximately 1000 sq. Ft with power which could be converted into an office or games room.
Council Tax Band G.
Map location is not available for this property.
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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