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£800,000
Bedrooms
Bathrooms
OIRO 800,000
Rarely available, this substantial five-bedroom detached family home on Penn Lane, Bexley, DA5, occupies a generous corner plot and offers an outstanding combination of space, versatility, and lifestyle features a true gem in one of the areas most sought-after locations. Properties of this size, position, and potential seldom come to the market, making this an opportunity not to be missed.
The property benefits from secure off-road parking for four or more cars within an internal front yard accessed via electric gates, alongside a double garage with electricity supply. The generous garden wraps around the home, enhancing privacy and providing multiple outdoor zones, including a swimming pool for summer enjoyment and entertaining.
Inside, a terrace entrance leads into a spacious hallway and a thoughtfully arranged ground floor featuring a large kitchen, a separate living room, and a formal dining room. There is also a convenient downstairs bathroom and a double bedroom on the ground floor, ideal as a guest room, for older relatives, or as a versatile home office.
Upstairs, there are four double bedrooms, including the master bedroom, serviced by a family bathroom. The master bedroom offers exciting scope to add an ensuite and walk-in wardrobe, while the home itself has further potential to extend (subject to planning permission) thanks to its generous plot.
Lovingly cared for by the same family for over 20 years, the property is well presented and ready to move into, while also offering a perfect blank canvas for buyers looking to modernise and make it their own.
The location is superb, with top-rated schools including Bexley Grammar School and St Marys Catholic Primary within easy reach. Excellent transport links are provided by nearby Bexley and Barnehurst stations, with regular fast services into London. Local amenities, shops, dining, and leisure facilities including Bluewater Shopping Centre are all easily accessible.
A rare find spacious, well-located, and brimming with potential this remarkable home delivers the lifestyle, flexibility, and investment value thats increasingly hard to find in Bexley. Early viewing is highly recommended.
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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