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£1,700,000 Guide Price
Bedrooms
Bathrooms
Farthings has a wonderful appointment within its private plot and is situated just off the highly prestigious Beaulieu Road. Approached via electric gates the driveway leads to a turning circle with ample parking. The Lutcheyns style front elevation gives a delightful first impression sitting beautifully within its environment.
The accommodation is elegant, well proportioned and benefits from an abundance of natural light and is arranged over two floors. Whilst well cared for the property lends itself for modernisation offering a wonderful opportunity to create a spectacular home.
The principal reception rooms all benefit from high ceilings with large windows and offer views over the private and expansive grounds. Whilst offering the ability to entertain on a grand scale the house retains an intimacy and balances grandeur and the informality of modern day living. The sitting room and dining room are of particular note overlooking and adjoining the formal garden and offering the ability to blend inside and out with al-fresco entertaining space. A ground floor study is accessed off the entrance vestibule. There is a large Country style kitchen, a large and practical utility room and further boot room essential for coming in from rural pursuits.
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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