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£1,750,000 Offers in excess of
Bedrooms
Bathrooms
This exceptionally spacious six bedroom house in the heart of Epsom measures over 9000sq (including the loft, swimming pool and garages) and is set on a fabulous 0.67 acre plot, certainly one of the largest in central Epsom. Having only changed hands three times since it was built in 1929 and significantly extended by the current owners many years ago, its been a much-loved family home by everyone who has lived there. Entering into a wood-panelled hallway, it contains numerous reception rooms which allows for flexible living and socialising including a bay-windowed dining room and a fantastic kitchen breakfast room - a real focal point of the house - with double doors onto the sitting room. Also on the ground floor are an interconnecting play room, a family room, a utility room, and what was the changing room for the pool which could be converted into a study. On the first floor, the main suite has an ensuite bathroom and not one but two dressing rooms, another ensuite bedroom, four further good-sized bedrooms and the final two bathrooms (one of which could also be made ensuite). A fixed staircase leads up into the vast loft which is currently used for storage but could be converted into more living space if required (STPP), and there are solar panels on the roof (which need reconnecting). The house is double-glazed throughout and whilst it would benefit from a program of internal refurbishment, its fantastic layout doesnt need reconfiguring or extending, it just needs someone to see the huge potential to create their long-term forever dream home.
Outside
Approached via a carriage driveway which offers parking for numerous vehicles in addition to two detached garages which can hold 6 cars between them, the house is screened from the road by trees and sits on a fantastic 0.67 acre plot. Double doors from the box-bay windows in both the sitting room and the family room open onto a full-width patio which makes the ideal space for outdoor entertaining and alfresco dining. The wonderful garden is lawned and bordered by mature trees and hedges which offer security and privacy, with a heated swimming pool to the right and an established orchard at the far end.
Situation
Lynwood Road is a prime location in the sought-after College Area of Epsom located in between the town centre with its array of shops, restaurants and leisure facilities and the green open spaces of the world-famous Epsom Downs Race Course. Epsom, Epsom Downs and Tattenham Corner train stations offer fast and direct routes into London within 30 minutes and convenient access to both Gatwick and Heathrow airports via the M25. The renowned Epsom College is just a short walk away as is a GP and three popular pubs, and there are several other schools including St Martins, Glyn and Rosebery.
Property Ref Number:
HAM-61264Map 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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