5 bedroom detached for sale

£1,650,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

A grade II listed farmhouse in a quiet tucked away location a short distance from the town.
Reception Hall, Sitting room, Dining room, Kitchen/breakfast room, Cloakroom, Entrance lobby, Cellar.
5 bedrooms, 2 bath/shower rooms, Laundry room.
1 bedroom cottage, 4 bay period barn for garaging, Period barn with office and garden store with room above, Log store/ pool equipment building, Greenhouse, Parking area, Lawns with borders, Vegetable garden, Swimming pool, Paddock.
About 7.3 acres.
Property
The farmhouse dates back to the early 17th century with its linked former brewhouse, which is now the cottage. It is situated in a wonderful location at the end of a private no through road.

The front door opens into an entrance lobby with brick floor and cloakroom off. The reception hall has a brick floor, exposed beams, fireplace and is open to the sitting room. The sitting room has an inglenook fireplace flanked by cupboards. The dining room also has a fireplace. The kitchen/breakfast room is fitted with wall and floor units, worktops, exposed beams, Aga for cooking and hot water, 2 ring gas hob and doors to the garden. There is an inner hall with original front door to what would have been the original front garden and steps to a useful cellar.

On the first floor off the landing are 3 bedrooms, 2 with exposed timber framing and beams while the other has fitted wardrobes. There is also a well-appointed family bathroom, shower room and a laundry room. On the second floor there are 2 attic bedrooms with exposed beams.

There is a covered walkway to the cottage which comprises a sitting room, kitchen and shower room on the ground floor with a bedroom on the first floor.

Outside
There are a number of period buildings including a 4 bay cart shed for parking, one of which has an up and over door which houses the oil tank. Behind is a tool shed/log store which also houses the swimming pool equipment. At the bottom of the garden there is a further attached barn used as an office and garden store with a room over.
The Garden
The garden is a particular feature with lawns and beautiful borders. To the south of the house is a partly enclosed garden with lavender beds. There is an enclosed swimming pool with paved surround. There is also a greenhouse, former vegetable garden and an orchard.

The Land
The land is beyond the garden and is one field which runs down to a stream, which is a tributary of the Medway.

Local Amenities & Surrounding Area
East Grinstead has much to offer, with a wide range of stores and supermarkets. The nearby village of Forest Row has good local amenities with the towns of Crawley and Tunbridge Wells also within easy reach. There are excellent state and private schools close by. East Grinstead has a number of clubs including rugby, hockey, cricket, netball, tennis and football. Golf is available at Chartham Park, Royal Ashdown and Holtye, Ashdown Forest and Lingfield Racecourse are also nearby.

Tenure, Local Authorities and Services
Freehold. Mid Sussex DC . West Sussex CC . Council Tax band: House G and Cottage A. Mains water and electricity. Private drainage. Oil central heating for house. Electric boiler for cottage.

Directions
From East Grinstead take the A22 towards Forest Row. Proceed past Worsted Lane on the left and take the next private lane on the right opposite Truscott Manor Nursing Home which is Luxford Lane. Go down to the bottom of the lane and just before the end the house will be found on the right.
Communications
The railway station at East Grinstead provides services to London Bridge/Victoria in about 55 minutes. The A22 connects to the M25, London, and Brighton. The M23/A23 gives good access to Gatwick airport (about 11 miles).

Easements and Wayleaves

The property is offered for sale subject to, and with the benefit of all wayleaves and easements whether specifically mentioned in these particulars or not.

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

£ 1390700

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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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
    £ 41250
  • 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

£ 153200
  • 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.

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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

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  • 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

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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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