4 bedroom detached for sale

£950,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Saturday House comprises a delightful, detached Victorian house built of brick with predominantly sash windows, some double and secondary glazed, under a slate roof. On the ground floor there is an entrance hall with doors to a delightful dining room to the left and a large drawing room on the right. Beyond is an extended kitchen/breakfast room overlooking the rear driveway and garden. From the kitchen there is a door through to a sitting room, the utility room and the cloakroom. A balustraded staircase rises to the first floor landing with three double bedrooms and a family bathroom, whilst to the rear is a spacious principal bedroom and bathroom suite. Central heating and domestic hot water are supplied via a gas-fired boiler in the utility room with a hot water tank and immersion in the principal bathroom.
To the front of the house is a small, enclosed front garden with side gate providing pedestrian access to the rear. To the side is a 5-bar gate opening to an extensive, illuminated, gravelled parking area with parking for 3/4 cars. Beyond is a lawned garden with herbaceous and shrub borders and mature hedging with a delightful summerhouse with a paved seating area, beyond which is a 5-bar gate providing access to the field. The field is laid to pasture interspersed with a variety of ornamental trees and shrubs. There is direct access on the North, South and Eastern boundaries to public footpaths, which in turn provide excellent walks along the Stour Way. A footpath crosses diagonally across the Southern end of the field. The field is laid to pasture interspersed with a variety of ornamental trees and shrubs. There is direct access on the North, South and Eastern boundaries to public footpaths, which in turn provide excellent walks along the Stour Way. A footpath crosses diagonally across the Southern end of the field. NB: The field was acquired from the Church Commissioners some years ago and a covenant remains in place regarding any development for a further five years. Further details area available on specific request.
Saturday House occupies a delightful, tranquil setting at the end of Spring Lane, itself a no through road, within the picturesque community of Fordwich, recognised as Englands smallest town. Fordwich sits astride the River Stour, a chalk stream in its upper reaches, and retains an active church, the Michelin-starred restaurant The Fordwich Arms and the George & Dragon pub. Nearby is Sturry, with a variety of local amenities including doctors and dental surgeries, retail stores and supermarkets. Canterbury city centre is easily accessible and retains all the amenities, educational, cultural and recreational amenities associated with a major county city. Sporting and recreational pursuits include first class cricket in Canterbury, together with hockey at Polo Farm, sailing and other watersports along the coast, day trips to France via Eurotunnel and ferries, and pleasant walks along footpaths and bridleways in the surrounding countryside. From Canterburys two railway stations there is a regular service to several London stations, the high-speed train via Ashford reaching St Pancras in under an hour. The A28 and A2 facilitate rapid access to the M2 motorway. For channel crossings the port of Dover is about 13 miles and the Channel Tunnel terminal at Cheriton is about 22 miles distant.

Council Tax band G



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

£ 775200

Mortgage Loan to Value

%

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
    £ 23750
  • 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

£ 62700
  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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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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