7 bedroom detached for sale

£5,995,000 Guide Price

7

Bedrooms

5

Bathrooms

Floorplan

A classic example of a Tarrant built family home dating back to 1928. The Spinney is a most charming home of character, situated in a lovely tucked away position within the heart of St Georges Hill, providing 8,724 sqft of accommodation with detached cottage and outdoor swimming pool complex.

The Spinney is a charming home that our vendor has enjoyed for the last 37 years. Situated in the heart of St Georges Hill in a most secluded plot of 1.083 of an acre facing South to the rear

The current owner has looked after this home and it provides well-presented accommodation of just under 9,000sqft in total, with a fantastic layout for family living , just perfect for a large or growing incoming family

Originally built by WG Tarrant in 1928, the house enjoys classic Tarrant features with half tile hung elevations, leaded light windows, mellow brickwork and mullioned front door surround

The mix of grand formal reception rooms and informal rooms off the kitchen provide a perfect balance of accommodation on the ground floor, with the hub of the house being the large open plan kitchen breakfast family area, which is so bright and airy and enjoys direct views over the pool area and garden beyond. This area seamlessly links to the vaulted family room, study and a second staircase leading up to an extra bedroom suite and vast games room over the garage

The first floor provides four/ five separate bedrooms with an extremely impressive master suite with generous dressing room and large ensuite. bathroom, with a further bedroom suite on the top floor and eaves storage areas

Accessed from the main house is an attached four car garage which also has steps leading down to a large wine cellar

The property also has the benefit of a detached studio/guest house complete with open plan living room with mezzanine bedroom over and kitchen and shower room . The perfect area for guests, staff or a home office

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

£ 5279475

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

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
    £ 149875
  • 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

£ 783225
  • 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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