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£2,000,000 Offers in excess of
Bedrooms
Bathrooms
This wonderful 6/7 bedroom house on The Causeway, arguably South Suttons most sought-after road, measures almost 4800sq feet of spacious and flexible accommodation. Upon entering the generous hallway, there are reception rooms to either side which include bay-windowed sitting and dining rooms - each with a feature fireplace - as well as an interconnecting family room and a sunny garden room. Also on the ground floor is a kitchen breakfast room with plenty of work and storage space, a utility room, a guest WC, a sauna and a study or play room. On the first floor are six good-sized bedrooms each with built-in wardrobes, and three bathrooms of which two are ensuite. On the top floor is a final room which could be a 7th bedroom or games room with plenty of eaves storage just off it. The house is incredibly light and airy and has been a fantastic home for the current owners for several decades, and it is now ready to welcome the next family looking for a long-term home to put down roots in.
Outside
Approached via a carriage driveway offering parking for several vehicles in addition to the dual garages, the house sits on a very generous 0.62 acre plot, one of the largest in the area. Double doors from the kitchen breakfast room open onto a full width patio which is the ideal spot for alfresco dining and outdoor entertaining, with steps leading down to a lawned garden bordered by hedges and mature trees which offer privacy and security. The garden is well-stocked with a wide variety of flowers, shrubs and plants, and being west-facing it benefits from sun throughout the day and well into the evening, perfect for catching wonderful sunsets.
Situation
The Causeway links The Highway to The Downsway in popular South Sutton and located a short distance to Belmont train station offering links to London Bridge and Victoria, as well as Carshalton Beeches and Sutton mainline train stations and their bustling high streets. The nearby villages of Banstead and Cheam also offer a good selection of shops, bars, restaurants, boutiques and coffee shops, as well as plenty of leisure activities, parks and well-regarded schooling - both independent and state including the recently-opened Harris Academy, Sutton Grammar and Nonsuch School for Girls to name but a few.
Property Ref Number:
HAM-61153Map location is not available for this property.
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 )
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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