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£895,000 Guide Price
Bedrooms
Bathrooms
This stunning double fronted, recently renovated five-bedroom home boasts a spacious and modern feel throughout and superb upgrades. The impressive entrance includes storage space in the sleek under stairs touch cupboards and downstairs W.C. The elegant dual aspect living room with box bay window, patio doors to the garden and feature fireplace, benefits from upgrades including Wi-Fi spotlights and electric blinds. The formal dining room faces out to the front, whilst the kitchen idyllically overlooks the garden and flows beautifully into the utility area with stable doors to the side access and door into the garage. The current vendors have lifetime approved planning permission and plans for an open plan kitchen and extension by four metres.
The stylish principal suite occupies the entire recently extended second floor and delivers strong boutique hotel vibes. The bedroom area with dormer window looking out onto the garden presents as a calming and tasteful oasis and comfortably accommodates an emperor size bed. Light pours in through nine Wi-Fi enabled, solar-powered Velux windows. A generous dressing area sits adjacent to the impressive en-suite bathroom with underfloor heating and black bathroom suite consisting of freestanding bath, sink, Japanese W.C and double rainforest shower.
Four further bedrooms are located on the first floor, all which feature fitted wardrobes. Bedroom two is a double with a beautifully appointed en-suite shower room, whilst the third double bedroom enjoys views out to the garden. The modern and luxurious family bathroom offers a bath with shower suite and enjoys underfloor heating.
The external aspects are equally impressive. The house is set on a generous plot and to the front is a driveway, EV charging point, single garage and loft storage and veranda. The current vendors have spared no expense in landscaping the south facing rear garden with stunning sandstone patio, impeccably selected astro turf and built in lighting and outside television.
Located within the catchment area for several excellent schools including Oakwood and Reigate College, the property is close to the thriving towns of Redhill and Horley, which offer residents a great mix of local amenities and excellent transport links. Gatwick is only 10 minutes and the local Salfords station is within walking distance and provides services to London and the south coast.
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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