3 bedroom semi-detached for sale

£625,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

A period attached cottage in idyllic lakeside location with wonderful views, well away from any public road down a private lane, yet very convenient for the commuter.

Living room, Cloakroom, Kitchen/dining room, Mezzanine study area
Principal bedroom with en suite shower room
2 Further bedrooms, Family bathroom
Cottage garden, Terrace, decking and lawn, Parking

A delightful attached cottage with an abundance of character with views over the lake. From the decking French doors lead into the kitchen/breakfast room which is beautifully fitted with exposed beams, wall and floor cupboards, granite worktops, 4 ring electric hob, ovens, plumbing for dishwasher and washing machine and tiled floor with under floor heating. The sitting room has a wood floor and French doors onto the terrace with wonderful views over the lake. Off the sitting room is a store cupboard and a cloakroom.

Stairs lead up to a galleried study area, which overlooks both the kitchen and sitting room.

Stairs from the kitchen lead down to the lower ground floor where there is a hall with door to outside. The principal bedroom has a well-appointed en suite shower room. There are 2 further bedrooms and the family bathroom, which is also well appointed.

Outside
At the front of the cottage is a brick paved terrace and an area of decking which has fabulous views over the lake. The decking runs down the side, where there is a cottage garden. Here there is a lawn with shrubs and a paved terrace. At the rear is a parking space, storage area with oil fired boiler.

There is further parking before the dam, beyond the fishermens car park.

Tenure, Local Authorities and Services
Freehold. Mains electricity and water. Private drainage. Oil fired central heating. Council tax Band E. EPC band E. West Sussex CC . Mid Sussex DC .
Directions
From M23 junction 10 take A264 towards East Grinstead. At the second roundabout take the exit signed Three Bridges. After a short distance turn left into Old Hollow and after just over mile turn left into the private road. At the gate is a map showing where the property is located along the lane. Proceed up the lane over the dam and take the first drive on the left and the property will be found at the end.

Local Amenities & Surrounding Area
The nearby towns of East Grinstead and Crawley have a first class range of shopping, educational, sporting and transport facilities. Golf is available at Copthorne. There is an extensive selection of excellent schools in the area.

Communications
There are mainline railway stations at Three Bridges and Gatwick providing services to London Bridge/Victoria, the latter in about 35 minutes. The M23 provides good access to London, Brighton, Gatwick and the motorway network.

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

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15625
  • 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

£ 49575
  • 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

Adjust these figures

  %

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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