7 bedroom detached for sale

£2,800,000

7

Bedrooms

6

Bathrooms

Floorplan

Crazes is a stunning family home with some very unique features, including bespoke handrails, personalised front door with fingerprint recognition, a fabulous basement and an indoor pool, situated on the desirable Kingswood Warren Estate. The property offers approximately 7500 sq ft, including a two bedroom annexe, set within secluded grounds of just over 0.4 acre.

The current owners have refurbished and extended the property over the years, which includes American Maple veneered doors, tiled floors, Control 4 System, a superb kitchen/family room and a dancefloor/cinema room with an amazing bar to name just a few.

To the ground floor is a spacious entrance hall, a double aspect drawing room with feature fireplace high ceilings and patio doors to the terrace, a games room, a ground floor bedroom currently used as a hobby room with en suite bathroom, access to the indoor pool, a shower room and a cloakroom. The magnificent, open plan kitchen comes with an extensive range of integrated appliances, a central island and bi-folding doors opening onto the sun terrace.

The annexe is accessed via its own front door and via the utility room and offers a good sized living room, partly open to the fitted kitchen, a staircase leads to the first floor with two double bedrooms and a bath/shower room.

From the kitchen, a staircase leads down to the large basement, this space offers a unique entertaining area with a dance floor, fabulous lighting and a stage/combined media area with a drop-down cinema screen. The bar is a one of the best we have seen, with a great attention to detail. Also to this floor is a music room and two offices. On the first floor there are four generous bedrooms, a studio room with kitchen area, two modern en suite bath/shower rooms, two bedrooms have dressing areas and a family bathroom.

The landscaped rear garden features a large entertaining terrace, ideal for Al Fresco dining. To the front is a large driveway and access to the integral garage.

This well presented family home is situated in Kingswood village which provides a comprehensive parade of local shops and restaurants, including a convenience store/post office, Coughlans bakery, hairdressers, beauticians and The Kingswood Arms public house. Locally there is a wide choice of state and independent schools.

In terms of transportation, Kingswood Station is within easy walking distance and provides services into London of approximately 45 minutes. The M25 is accessed via Junction 8, 1.7 miles to the south, providing connections to the wider motorway network, whilst for the frequent flyer both Gatwick and Heathrow airports are within reach.

For golfers, there are four world-renowned golf clubs; Kingswood Golf and Country Club, Surrey Downs, Walton Heath and the RAC golf club all close by. Horse Riding schools and stabling can be found in Kingswood, Chipstead, Tadworth and Walton on the Hill.



Features
  • Freehold

Mortgage Calculator

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

Monthly Payment: £12,109.07

Total Interest: £1,559,266.00

Overall Total: £4,359,266.00

Amortization For Monthly Payment: £12,109.07 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£88,775.63 £56,533.24 £2,743,466.76 
2026£86,939.80 £58,369.07 £2,685,097.69 
2027£85,044.35 £60,264.52 £2,624,833.17 
2028£83,087.34 £62,221.52 £2,562,611.65 
2029£81,066.79 £64,242.07 £2,498,369.58 
2030£78,980.63 £66,328.24 £2,432,041.34 
2031£76,826.71 £68,482.15 £2,363,559.18 
2032£74,602.86 £70,706.01 £2,292,853.17 
2033£72,306.78 £73,002.08 £2,219,851.09 
2034£69,936.15 £75,372.72 £2,144,478.37 
2035£67,488.53 £77,820.34 £2,066,658.03 
2036£64,961.43 £80,347.44 £1,986,310.59 
2037£62,352.26 £82,956.60 £1,903,353.98 
2038£59,658.37 £85,650.50 £1,817,703.49 
2039£56,876.99 £88,431.87 £1,729,271.61 
2040£54,005.30 £91,303.57 £1,637,968.05 
2041£51,040.35 £94,268.52 £1,543,699.53 
2042£47,979.12 £97,329.75 £1,446,369.78 
2043£44,818.48 £100,490.39 £1,345,879.39 
2044£41,555.20 £103,753.67 £1,242,125.73 
2045£38,185.95 £107,122.91 £1,135,002.81 
2046£34,707.29 £110,601.57 £1,024,401.24 
2047£31,115.67 £114,193.20 £910,208.04 
2048£27,407.41 £117,901.45 £792,306.59 
2049£23,578.74 £121,730.13 £670,576.46 
2050£19,625.73 £125,683.14 £544,893.32 
2051£15,544.36 £129,764.51 £415,128.81 
2052£11,330.44 £133,978.42 £281,150.39 
2053£6,979.69 £138,329.18 £142,821.21 
2054£2,487.65 £142,821.21 £0.00 

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

£ 2,419,950

Mortgage Loan to Value

86%

Gross Yield

12%

Annual ROI

32%

Annual Rental Profit

£ 148,410

Cumulative Rental Profit

£ 1,484,103

Cost of Purchase

£ 319,950
  • Stamp Duty
    £ 247,250

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

  • Refurbishment Budget
    £ 70,000
  • 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

£ 187,590
  • Mortgage Interest
    £ 108,898

    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)
    £ 44,352
  • Letting Fee
    £ 240
  • Maintenance
    £ 33,600
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 2,925,057
  • Final Equity Profit
    £ 1,440,955

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

  • Cumulative Rental Profit
    £ 1,484,103

    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

£ 4,560,905

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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