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£2,600,000
Bedrooms
Bathrooms
Located upon one of Kingswoods most sought after roads, Marden House is a fabulous five bedroom family home with approximately 6000 sq ft of accommodation, set amidst south facing grounds measuring approximately 0.65 of an acre. The property is laid out across two floors and accessed by a gated driveway on Beech Drive with the opportunity to create more bedroom space or possibly an annexe if required.
The ground floor accommodation is made up of a spacious reception hall, three reception rooms, a study, a fabulous & open-plan Clive Christian kitchen/breakfast room and a family room. There is also a utility room, a walk-in larder, two cloakrooms and access to the triple garage with a gardeners cloakroom and a staircase leading to the cinema/games room which could be used for the sixth bedroom. Air conditioning has been installed in the kitchen, family Room & principal bedroom. On the first floor is a large galleried landing, a double aspect principal bedroom with a dressing room and an ensuite bath/shower room. There are four further bedrooms all with built in wardrobes and ensuites as well as a large loft room offering potential to be converted into a further bedroom/au-pair suite.
Outside there is a generous driveway with an electric charging point and access to a triple garage with Two Tesla Power Wall Batteries; solar panels have also been fitted. There is a fabulous rear garden with a large entertaining terrace.
This family home is situated in the village of Kingswood which provides a comprehensive parade of local shops and restaurants, including a convenience store/post office, 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.
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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