4 bedroom detached for sale

£1,750,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

In a prime position within the exclusive Webb Estate, a charmingly attractive, detached house of character, that dates from the early 1920s. Silver Lane derives its name from the avenue of silver birch trees that line the road with each property unhidden behind tall walls or hedging, thereby displaying their marvellous frontage. Very much influenced by the Arts & Crafts style of architecture, Wayside has romantic exteriors of pale pink render under pitched tiled roof lines, whilst internally, the accommodation extends to 3086 square feet excluding the detached garaging. English oak has been used to good advantage within the interior styling with beamed ceilings, half-panelling to the main reception areas, oak window frames and internal doors. Elegant yet characterful, the majority of the rooms in the house enjoy a marvellous outlook over the gardens through leaded light windows with the drawing and dining rooms having large bay windows as well as fireplaces. Leading off from the study, the sitting room/orangery has a triple aspect including three, distinctive floor to ceiling arched windows along with a vaulted ceiling and slate flooring. Comprehensively furnished with oak wall and floor cabinets the kitchen/breakfast room has a feature brick fireplace housing the gas Aga and a tiled floor. The principal bedroom suite is situated on the ground floor and has an en-suite bathroom and dressing area, Of the other three bedrooms, one is also on the ground floor with the other two on the first floor along with the family bathroom

Outside

The delightfully secluded grounds surround the house on all sides and extend to in total just over an acre. Beautifully created to show many varieties of mature trees, specialist shrubs such as rhododendrons, magnolia and acer with swathes of well-tended lawn, water features, a tennis court (in need of some attention) and terracing. 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-61221

Additional Information

Tenure: Freehold
Services: All mains services.
Agents Note: Private estate charges approximately 750 PA.
Local Authority: Croydon Borough Council. Council Tax Band H

Map location is not available for this property.

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

£ 1480200

Mortgage Loan to Value

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Gross Yield

%

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
    £ 43750
  • 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

£ 167700
  • 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

£

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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