7 bedroom detached for sale

£11,000,000 Offers in excess of

7

Bedrooms

10

Bathrooms

Floorplan

An elegant detached residence which stands out as a landmark property.

The inspiration for Fairwood House came from Sir Edwin Lanseer Lutyens, the 20th Centurys leading British architect. Lutyens was commissioned to design many of the great English country houses as well being appointed by the government to design and build Viceroy House in Delhi, which has since become the residence of the President of India.

This imposing property, spanning 9,350 Sq Ft (868 Sq M) over 4 floors, enjoys a double plot, which measures around 0.6 acres, faces due south to the rear of the property and also backs on to Turners Wood a 7 Acre private bird sanctuary. In 2006, the property was completely rebuilt behind the original facade to create a house fit for the twenty-first century whilst ensuring that the layout remained loyal to the original that Lutyens created. All of the principal reception rooms on the ground floor are facing the extensive gardens, are inter-connected and at the rear of the property, providing excellent flow and family living accommodation. On the upper floors, there are 8 bedroom suites, including the principal with dual dressing rooms and bathrooms.

The house is endowed with exceptionally high ceilings. Most of the rooms on the ground floor enjoy ceiling heights in excess of 3.3 metres and some rise to well over 4 metres.

The house is a true thoroughbred in the best traditions of past master builders, rarely seen today. The dignified but unconventional frontage is crafted of the finest handmade grey and red brickwork that gives life to the elevations. Imposing chimneystacks, two niches situated at ground floor level, and a swans neck pediment that stands above the front entrance complete the frontage of this imposing grade II listed home. The house wears its elegance lightly without striving for effect and without the need for superfluous columns or porticoes.

Lutyens was commissioned to provide drawings for the elevations by Reginald McKenna, Chair



Features
  • Freehold

Mortgage Calculator

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 )

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

£ 9758950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 275000
  • 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

£ 1508950
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    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

£

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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