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£885,000
Bedrooms
Bathrooms
''Create your dream home'' A unique opportunity to add value to a character property. Four bed detached family house in a highly desirable location close to Chipstead village with planning permission pending.
Property
''Create your dream home'' A unique opportunity to add value to a character property. Four bed detached family house in a highly desirable location close to Chipstead village with planning permission pending.
This four-bedroom detached house offers the perfect balance of charm, space, and future potential. Situated in a highly sought-after location near Banstead and Chipstead villages, the property already benefits from granted planning permission to extend the ground floorcreating the opportunity for a truly expansive kitchen and family living space.
Well maintained and in good condition throughout, the home brims with character. Original supporting beams add timeless appeal and enhance the attractive exterior, while inside, warm rustic touches create a welcoming feel.
The current layout includes a spacious reception room, a sitting room, and a kitchen breakfast room that embraces the homes character. Upstairs, there are four bedrooms, including a master with en-suite, plus a family bathroom.
Location
This property enjoys a unique outlook over the picturesque woodlands of Chipstead Valley, offering peace and natural beauty just minutes from village life. Banstead and Chipstead centres are both close by, providing shops, restaurants, and community amenities.
Families will appreciate the excellent local schools, including Chipstead Valley and Woodmansterne primary, while commuters benefit from nearby Woodmansterne station with direct services to London Victoria. Leisure options are plentiful, with two golf clubs, local recreation grounds, and Woodmansterne Park and cricket pitch all within easy reach.
This is an ideal home for a growing family or commuting couple seeking character, convenience, and the chance to shape their perfect living space.
Money Laundering Regulations
Due to updated regulations any potential purchasers will be asked to provide two formal copies of identification prior to agreeing the sale. Your assistance will help to ensure the sale can progress in a timely manner.
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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