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£475,000
Bedrooms
This attractive bungalow comes to the market with the benefit of NO CHAIN along with a highly desired South Westerly aspect, beautifully kept rear garden. The property is approached via a neatly paved driveway with turning point providing ample off street parking along with access to the detached garage. The property boasts well planned accommodation and could be extended subject to usual planning if desired. An internal entrance porch provides space for shoes etc before entering the inner hallway which provides storage and access to all rooms. To the front of the bungalow are the 2 bedrooms, both being double in size. Located next to the master bedroom is the additional w.c which if desired could be converted to provide an en-suite shower room as there is additionally a large family bathroom with ample room to include a separate shower if so wished. The lounge is located to the rear of the bungalow as is the kitchen and both enjoy wonderful sunny aspects with the lounge enjoying french doors opening to the lovely rear garden. The kitchen is fitted with a range of modern units with picture window overlooking the rear garden. The rear garden is a particular noteworthy feature of this fabulous bungalow enjoying a superb south westerly aspect. The garden comprises of varying areas to include lawn, patios and flower bed areas. There is a garden room/summerhouse, 2 separate sheds and detached Garage to the side of the property.
Features of this property include:
Gas Central Heating - having been serviced yearly
Double Glazed Windows
Solar Panels - Owned outright Providing Approx. 1500 rebate per annum
Block Paved Driveway providing ample parking
South Westerly Aspect Rear Garden
Extension Potential Subject to Usual Planning
The local and surrounding area boasts numerous amenities included many sought after primary and secondary schools, bus services, shopping facilities at both Caterham On The Hill and Caterham Valley, mainline railway stations at Caterham, Kenley, Whyteleafe and Upper Warlingham, delightful open spaces of Kenley Aerodrome and Kenley Common whilst the M25, junction 6 is located at Godstone which in turns provides access to both Gatwick Airport and the south coast.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,054.22
Total Interest: £264,518.34
Overall Total: £739,518.34
Amortization For Monthly Payment: £2,054.22 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £15,060.15 | £9,590.46 | £465,409.54 |
| 2026 | £14,748.72 | £9,901.90 | £455,507.64 |
| 2027 | £14,427.17 | £10,223.45 | £445,284.20 |
| 2028 | £14,095.17 | £10,555.44 | £434,728.76 |
| 2029 | £13,752.40 | £10,898.21 | £423,830.55 |
| 2030 | £13,398.50 | £11,252.11 | £412,578.44 |
| 2031 | £13,033.10 | £11,617.51 | £400,960.93 |
| 2032 | £12,655.84 | £11,994.77 | £388,966.16 |
| 2033 | £12,266.33 | £12,384.28 | £376,581.88 |
| 2034 | £11,864.17 | £12,786.44 | £363,795.44 |
| 2035 | £11,448.95 | £13,201.66 | £350,593.77 |
| 2036 | £11,020.24 | £13,630.37 | £336,963.40 |
| 2037 | £10,577.62 | £14,072.100 | £322,890.41 |
| 2038 | £10,120.62 | £14,529.100 | £308,360.41 |
| 2039 | £9,648.78 | £15,001.84 | £293,358.58 |
| 2040 | £9,161.61 | £15,488.100 | £277,869.58 |
| 2041 | £8,658.63 | £15,991.98 | £261,877.60 |
| 2042 | £8,139.31 | £16,511.30 | £245,366.30 |
| 2043 | £7,603.13 | £17,047.48 | £228,318.83 |
| 2044 | £7,049.54 | £17,601.07 | £210,717.76 |
| 2045 | £6,477.97 | £18,172.64 | £192,545.12 |
| 2046 | £5,887.84 | £18,762.77 | £173,782.35 |
| 2047 | £5,278.55 | £19,372.06 | £154,410.29 |
| 2048 | £4,649.47 | £20,001.14 | £134,409.15 |
| 2049 | £3,999.96 | £20,650.65 | £113,758.51 |
| 2050 | £3,329.36 | £21,321.25 | £92,437.26 |
| 2051 | £2,636.99 | £22,013.62 | £70,423.64 |
| 2052 | £1,922.13 | £22,728.48 | £47,695.16 |
| 2053 | £1,184.05 | £23,466.56 | £24,228.60 |
| 2054 | £422.01 | £24,228.60 | £0.00 |
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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Tue May 06 2025
All confirmed! We look forward to speaking with you.
Tue May 06 2025
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