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£900,000 Guide Price
Bedrooms
Bathrooms
Originally a coach house with a horse chestnut lined avenue, which likely led passengers down to Redhill Aerodrome, Thumbles sits on a substantial two-acre plot and comes to the market for the first time in over forty years.
The main drive brings you into the central courtyard with arched porch and main entrance. The terracotta tiled entrance hall with downstairs bathroom, leads you into the first reception room, likely the original hall of the coach house, with vaulted ceiling which features a grand stone clad fireplace with log burning stove and flagstone floor beneath the carpet. Sitting to the side of this room is the fourth bedroom. At the heart of the home is the dining room which leads to the galley kitchen with access out to the second drive and front garden. Also accessed from the dining room is the final wing of the house. The large second reception room was used by the pervious vendors as the main living room and sits comfortably between the study, which features a fireplace and access to an additional downstairs w.c, and the garden room.
Upstairs there are three further double bedrooms and a family bathroom. An ongoing feature throughout are uniquely shaped dormer windows and period fireplaces.
The gardens immediately around the home are extensive; from the more intimate garden with patio area and lawn accessed directly from the garden room to the tree lined avenue leading down to the aerodrome, the huge expanse of field like lawn, to the areas at the side of the house where you find the solar panels and numerous sheds and outhouses used for storage. Walking these grounds, you appreciate that this was once a celebrated and well-loved family home and its potential to be that once again is abundantly clear.
Located within easy walking distance to the centre of South Nutfield and the train station with access to direct trains to London via Redhill train station, Thumbles is perfectly positioned to enjoy the best of country living whilst also having access to a wealth of local towns, including Redhill and Reigate, and for international travel is a 15 min drive from the gateway of Gatwick Airport.
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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