2 bedroom apartment for sale

£475,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

This is a rare opportunity to enjoy luxury living in a home thats ready to move straight into. Whether youre looking for a peaceful retreat or the perfect space to host and entertain, this apartment offers it all.

Victoria Court forms part of the former Royal Earlswood Hospital, an architectural landmark built in 1855 and converted to luxury apartments in 2000. Perched at the top of one of its grand wings, this exceptional residence offers a unique blend of period charm and contemporary comfort. With 1,224 square feet of habitable space, the property is extremely spacious and benefits from double aspect views, large period double glazed windows, high ceilings, ornate coving and Victorian skirting boards.

Stepping inside, the sense of space and grandeur is immediate. The gallery-style entrance hall, flooded with natural light via two elegant windows, creates a striking first impression. Spanning one of the top wings of the architectural gem that is Victoria Court the apartment enjoys premium views with the most impressive being from the magnificent double aspect living room with high ceilings and bay windows, allowing sunshine to stream in from morning through to early afternoon. This is a space made for both relaxation and entertaining, whether you are unwinding with a book by the bay window or enjoying a lively dinner party. A high-end media unit with integrated speakers adds a modern touch, the flooring throughout is a beautiful grey wooden finish, enhanced with additional soundproofing for extra comfort and each room is warmed by classic cast iron radiators, adding to the period charm.

The contemporary kitchen designed with stylish white shaker units, integrated appliances and gas hob, presents as an ideal canvas to whip up culinary delights and enjoy them whist seated at the breakfast bar.

The master bedroom is a tranquil retreat, boasting double aspect views, soaring ceilings and floor to ceiling integrated wardrobes, and benefits from an ensuite bathroom featuring a bath shower, sleek grey tiles, sink and toilet. A second spacious double bedroom sits conveniently next to the elegantly designed family shower room with sink and toilet, ideal for guests or additional family members.

Outside the apartment benefits from two allocated parking bays and a secure door entry system. Royal Earlswood Park is set in approximately 24 acres of beautifully landscaped grounds. The development includes its own leisure facilities including gymnasium, heated swimming pool, library, and GP surgery. It is close to the thriving towns of Redhill and Horley and offers excellent transport links to London and the south coast.



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

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11875
  • 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

£ 38325
  • 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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