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£750,000 Guide Price
Bedrooms
Bathrooms
A much cherished home, that has remained in the family for over 60 years is now available to buy.
Situated in the sought after Church Road, just to the South East of central Hartley is this great opportunity to establish a family home again.
Set back from a road that has many bespoke and individual properties on it this acre plot offers many opportunities to establish either a refurbishment of this fantastic original single storey Colt house and outbuilding or development of the plot using the opportunities that are given by planning subject to agreement with the local planning office.
Current Dwelling - A Colt modular home built in the 60s of timber construction sits centrally within the plot accessed via a long drive through a gated woodland entrance and parking area. A very good sized three bedroom bungalow with large open plan living dining space with windows affording beautiful views over the garden that falls away to views of the distant countryside. Timber in construction the property has stood the test of time over the last 60 years and still has plenty of charm although modernisation would be required. A central fireplace is a focal point and offers an option to supplement the original underfloor heating is in place. yes it was an option back in the 60s !
Three good sized bedrooms with built in wardrobes offer plenty of space for the family and these are serviced by a central bathroom and fitted kitchen.
Externally the property has a great feel, the initial wooded entrance gives a sense of drama as you cannot see the property from the initial entrance and provides great parking opportunities with a detached garage and carport. A summerhouse with kitchenette and toilet give further development potential with the possibility of even splitting the plot to develop two areas. Again subject to planning agreement.
The plot as previously mentioned is a real stunner in our opinion and offers up a gentle slope away to reveal the countryside beyond and is South East facing.
Planning Statement - I see from the papers that planning consent was granted for the erection of the Colt bungalow under consent reference 5/60/377. In addition to the bungalow there is a small property towards the front of the site which has been in active use throughout the recent past. The locality is covered by Metropolitan Green Belt Policy. As is well known, general development within the Green Belt except for certain specific exceptional purposes is not allowed. For example an agricultural dwelling may be permitted under some circumstances. However, there are guidelines that are relevant to this situation which opens up the possibility of some change in the future. If handled properly there is potential here to improve and increase the floor area available for residential purposes.
Where there is some uncertainty there is much merit in getting a Certificate of Established Existing Use for in this instance the small unit towards the front of the site. This could be a first step. A second step might involve establishing that it is a separate dwelling unit that is separate from the main Colt bungalow.
The next stage could be to consider some extensions to both properties. Any planning application must be determined in accordance with a development plan unless other material considerations indicate an alternative result. Material considerations in this instance include the policies contained in the National Planning Policy Framework and I will attach an extract from this (available on request). For example under paragraph 149 the following exceptions to general Green Belt policy apply the extension or alteration of a building provided that it does not result in disproportionate additions over and above the size of the original building. I also draw attention to paragraph 150 the reuse of buildings provided that the buildings are of permanent and substantial construction.
Having regard to all of the above considerations, the planning balance indicates to me that the independent use and creation of a separate dwelling unit around the small property at the front of the site is feasible with perhaps some extensions. It might also be possible having obtained that permission, to extend the Colt bungalow. It would also be possible to knock the building down and perhaps combine both units for a much larger house.
Sevenoaks Council has a policy of allowing extensions up to 50% of the existing floor area or the floor area existing as at the previous date often taken just after the War in 1948. This approach has not been supported on appeal and Inspectors take a slightly different approach and I may attach an example of one such case for reference purposes. To summarise, handled correctly there is potential to improve the existing housing provision on this site. However, until there is a planning consent in place there is no absolute certainty and the above represents an outline of a possible strategy that will need to be adapted and changed as matters progress.
Location - Hartley lies in the northern side of the North Downs between Sevenoaks and Dartford/Gravesend. The thriving village offers local shops, post office and two outstanding primary schools. Hartley Country Club is set in 10 acres of glorious Kent countryside and offers a unique combination of sporting and social attractions. The village of Longfield offers comprehensive shopping facilities, including Waitrose, doctors surgery, a local bakery and butchers to name a few and a mainline railway station with services to London Victoria. Ebbsfleet international provides fast services to St Pancras and is within 5.5 miles. The Bluewater shopping centre with its varied range of shops and recreational facilities is approximately 5 miles from Hartley village.
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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