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£875,000
Bedrooms
Bathrooms
A SPACIOUS 4 BEDROOM BUNGALOW IN WALLKING DISTANCE TO VILLAGE CENTRE OFFERING IMMENSE SCOPE - NO ONWARD CHAIN 875,000
Description - This well appointed property comes onto the market offering immense scope for updating and versatile accommodation.
Location - Otford is a vibrant village offering a wide range of facilities and clubs for all ages including the Memorial Hall which holds a number of events throughout the year and the Recreation Fields with tennis courts and convenient footpath to the neighbouring village of Shoreham. The village is known for its many historic and period buildings and famous pond. There are a number of boutique shops in the High Street including tea rooms, restaurants and public house however on the nearby Parade are a number of day to day shopping facilities including a post office and convenience store. There is surgery, a library and nearby station providing fast services to London on the London Bridge/Charing Cross line. Sevenoaks Town Centre is approximately 3 miles away with a wide range of shopping facilities, sports centre, theatre/cinema complex and mainline station with fast services to London on the Charing Cross/Cannon Street line. together with services through to Otford. There are a number of highly regarded schools in and around the area both state and independent. The M25 motorway can be joined just to the west of Sevenoaks at Chevening, Junction 5.
Entrance - Through double glazed door into:
Entrance Hallway - Staircase leading to first floor. Cloaks cupboard. Radiator
Open Plan Sitting Room - Double glazed window to front. Wall lights. Television point. Radiator. Opening into:
Dining Room - Double glazed patio doors leading to rear garden. Wall lights. Door leading to Storage Room. Double glazed doors leading to:
Conservatory - Double glazed surround with patio doors leading out onto paved patio. Ceiling light and fan.
Kitchen - Double glazed window to rear. Comprehensive range of wall and base units with work surfaces over. Stainless steel sink with mixer tap. Built in oven and microwave. 4 ring induction hob set into work surface with extractor over.
Space and plumbing for washing machine. Integral dish washer and fridge/freezer. Double glazed door to side.
Bedroom - Two double glazed windows to rear. Built in wardrobe with matching drawers. Two radiators.
Bedroom/Study - Double glazed window to front. Television point. Radiator.
Family Bathroom - Double glazed window to side. Suite comprising: panelled bath, fully tiled shower cubicle, vanity unit with wash hand basin inset.
Separate Wc - Small window to rear. WC.
First Floor -
L-Shaped Bedroom - Double glazed window to rear. Vaulted ceiling. Two velux windows. Eaves storage space.
Bedroom - Double glazed window to rear. Door leading to loft space with hot water cylinder.
Outside -
Front - Pathway leading to entrance with lawn to each side. Off road parking for several vehicles.
Attached Garage - Up and over door. Light and power.
Side - Paved walk way leading through into:
Rear - In our opinion the rear garden is a true feature of this property. A spacious paved patio providing a perfect location for outdoor entertaining. Steps down onto a lawn which is surrounded by a variety of mature shrubs and trees. Two attractive raised beds.
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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