4 bedroom detached for sale

£1,300,000 Offers in excess of

4

Bedrooms

Floorplan

Enjoying an enviable residential location and set within lovely mature secluded gardens of around half an acre is this most attractive four bedroom chalet style property which was built in 1924 and was once ' Ideal Home ' of the year. The property boasts a lovely appealing interior throughout and comprises entrance hall with cloakroom, delightful front aspect lounge featuring a prominent vaulted ceiling with additional window, character beams and open fireplace, separate bay fronted dining room, useful study / home office with garden aspect and could be used as an occasional 5th bedroom, kitchen with access to a separate utility room and integral garage, two ground floor double bedrooms and a modern bathroom with shower cubicle. On the first floor are tow additional bedrooms and access to a large loft area.
Without doubt one of the main features are the extensive, mature and secluded gardens that wrap around the property and offer a high degree of privacy.



NB: The family are selling this property along with next door offering potential to buy both which then would offer an incredibly large plot of land !

Council Tax Band G

Adding to the appeal of this lovely family home are the superb local and surrounding amenities on offer including Sanderstead and Purley Oaks train stations providing an excellent service up to London on separate lines, frequent 403 bus service offering access into Croydon and Sanderstead Village where you will find Gresham Primary School, Waitrose, Costa, Filtr coffee shop and the lovely recreation ground. The area is well served by a further choice of excellent state and private schools for all ages including Atwood, Riddlesdown Collegiate, Whitgift, Trinity and Royal Russell. The M25 junction 6 can be located at Godstone and links Gatwick / Heathrow airports, south coast and Bluewater shopping centre.



Features
  • Freehold

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

£ 1081450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 32500
  • 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

£ 106450
  • 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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