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£2,250,000 Guide Price
Bedrooms
Bathrooms
Whilst originally an attractive detached family home in a lovely plot, in more recent years Oakleigh has been used to generate an income for the owner. Having created a very comfortable ground floor apartment for herself, the remaining ground, first and second floors were converted into HMO rooms. At the same time a separate cottage was built in the grounds and has been used for Air B&B.
Outside
There is a lovely mature garden to the rear and the total plot is about 0.6 acres. To the front is a wide in/out driveway and there is a detached garage with workshop/laundry room set to one side.
Situation
Mayfield Road is a much sought after residential road about half a mile to the south west of the High Street. There is an excellent selection of shopping opportunities including a Waitrose supermarket alongside a wide choice of coffee shops, restaurants and eateries. In the opposite direction, the station is about 0.6 miles away with a very regular train service to London Waterloo in about 30-40 minutes. Junction 10 of the M25 is about 2.8 miles away giving very convenient access to Terminal 5 at Heathrow, about 11.5 miles away. Leisure facilities in the general area include health and tennis clubs, football, cricket and rugby clubs, leisure centres, cinema, golf clubs and horse racing at Sandown. There is also an excellent choice of private schools including St. Georges, Notre Dame and Feltonfleet.
Property Ref Number:
HAM-1102Your 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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