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£450,000 Guide Price
Bedrooms
Bathrooms
This charming and characterful home immediately entices you into its homely and welcoming aesthetic. The neutrally decorated living room provides a comfortable retreat to relax with attractive gas-effect tiled fireplace, picture rails and sash window. The dining room also with picture rails, offers views out to the garden and benefits from an additional useful under stairs storage cupboard as well as an additional pantry cupboard. The galley kitchen with stable door out to the garden, sits adjacent to the dining room and offers a sociable space to cook and entertain. The traditionally placed downstairs family bathroom provides a neutral and relaxing space to unwind with a white bath and shower suite and easy to maintain tiles.
The first-floor benefits from two double bedrooms and a study/cot room. There is plenty of scope for enlargement with this home (subject to relevant planning permissions).
Outside there is a private well-established rear garden with patio area, lawn and a raised patio area with storage unit to the back. To the front a driveway provides premium off-road parking.
The popular village of South Nutfield is located just two miles from Redhill town centre. Nutfield railway station offers services up to London in less than 50 minutes while nearby Redhill and Merstham stations can reach London terminals in 35-45 minutes. There are also three local bus routes.
The village has a good primary school - South Nutfield Church (C of E), for those with older children, there is a Carrington School, St Bedes, Royal Alexandra and Albert and Merstham Park. Holborns convenience store with Post Office, three pubs including the Queens Head, The Inn on the Pond and The Station with Dukes Yard Deli, South Nutfield Priory Hotel & Spa.
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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