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£195,000 Guide Price
Bedrooms
Bathrooms
Originally a two-bedroom layout, the property has been thoughtfully transformed into a spacious one bedroom providing in our opinion a much more appealing layout especially if you are used to larger reception/living rooms. The living room now makes room for either a formal dining table or a study area. French doors from the living room opens to a balcony, providing enough room for some garden furniture.
The kitchen is fitted with a range of wall & base units. The bedroom has been fitted with wardrobes offering plenty of storage. The ensuite toilet has a modern wall hung wc & sink within a fitted vanity unit, heated towel rail & storage cupboards.
The main bathroom has been refitted with a shower enclosure which has been tastefully tiled, hand basin, low level toilet.
Wraymead Place is located within a favoured road & provides easy access into Reigate town. Residents can enjoy the beautiful communal gardens with its own communal conservatory, there is also an on-site hair salon, communal lounge which offers a range of activities, guest suite & video entry system. Residents also get comfort that there is an on-site warden & emergency call system. Resident & visitor parking.
Full lease & management details available on request.
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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