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£2,250,000 Guide Price
Bedrooms
Bathrooms
In a prime position within the exclusive Webb Estate, a charmingly attractive, detached house of character. The South Border was completed in 1912, winding from east to west within the estate and with having a different planting scheme on each side the north border planted with herbaceous borders and the south with mature hedging. The house dates from this time and retains many features associated with early twentieth century architecture, as well as the quiet, elegance of the period. The symmetrical external elevations are endearing with smooth render to the ground floor, roughhewn render above - both painted white - under a steeply pitched tiled roof with two tall, rendered chimneys and a covered verandha to the front. Windows are in the main, the original multi pane style with large square bays to the front and rear and the accommodation extends to approximately 3,599 square feet being laid out over three floors. Ceilings are of good height with simple coving, doors are panelled and there is stripped pine flooring in the sitting room. The reception hall is wide, warm and welcoming with doors opening to the four reception rooms that include the formal drawing room where there is a fireplace with painted surround and marble insert and the family sitting room which also has a fireplace. The dining room has a door opening through to the breakfast room that in turn has a door to the kitchen. Here the floor cabinetry is in a simple, Edwardian country house style, painted a muted pale green with a larder/pantry cupboard in cream and a central island. Appliances include a range cooker by Baumatic. Approached via an easy rising staircase, the first floor is given over to four generously proportioned bedrooms serviced by a bathroom and a wet room with separate WC, whilst on the second floor are two further bedrooms and a large walk-in loft room and a store cupboard. Having been in the same family for fifty years or so, there is the potential for a new owner to carry out various upgrades as well as rearranging the accommodation to suit.
Outside
The delightfully secluded grounds extend to approximately 0.64 of an acre. Set well back, the gardens surround the house on all sides and have various varieties of mature trees, well-tended level lawns and a variety of shrubs such as rhododendrons, magnolia and acer with a south facing terrace and a covered loggia adjoining the rear of the house. Covered parking is provided by an attached double garage.
Situation
West of Purley town centre, the Webb Estate is formed of two hundred and sixty acres of former farmland and is now a Conservation Area. This private and prestigious estate has retained its tranquil atmosphere for over a century and is named after William Webb, who bought the land in 1888. Webbs ethos was one based on the simple idea of co-operation between the architect and the gardener and so imaginative planting schemes ensure each road within the estate has its own continuous border of flowers, shrubs or trees and are all uniquely picturesque.
Purley and the surrounding areas are well known for their excellent choice of schools including Cumnor House, St. Davids, Margaret Roper Catholic, St. Nicholas, Wallington Girls and Wilsons. Private schools include Whitgift, Trinity and Caterham. The local area has a superb choice of leisure activities including golf at Purley Downs, Croham Hurst and The Addington Gold Clubs. Purley station provides rail services to London Bridge, London Victoria and Gatwick with Riddlesdown and Reedham stations also having services to London Bridge and Victoria. The M25/M23 intersection at Hooley provides motorway access to Gatwick and Heathrow Airport as well as the south coast.
Property Ref Number:
HAM-59348Your 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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