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£925,000
Bedrooms
Plough Cottage is an attractive barn conversion offering approximately 2600 sqft of versatile living space.
The spacious entrance hall instantly provides an insight into this character packed home. From the entrance hall doors open onto the dual aspect living room, which features a high vaulted ceiling and exposed beams. The room is flooded with natural light floods and also benefits from French doors that access the front garden. The breakfast/family room/dining room is an equally generous space and similarly has French doors that lead to the rear courtyard garden, an ideal place to sit and enjoy your morning coffee/tea. A well-appointed kitchen has been fitted and includes a wide range of cabinetry & integral appliances. The remaining ground floor is made up of three of the four double bedrooms, which includes a guest suite with a bath and separate shower cubical as well as the principal family bathroom again with bath & separate shower cubical.
The first floor includes a feature gallery room which overlooks the living room. It represents an ideal space for a sitting area, family room or study. The master bedroom suite enjoys unspoilt views over open farmland and is extremely spacious with built-in wardrobes along with ample eaves storage, a dressing area and bathroom.
Externally, there are two separate garden areas. The main garden is located at the front of the property, which is a wonderful entertaining area. There is a spacious decked area whilst the lawns is flanked by well-established bedding plants and a further paved patio. The second area is a secluded walled courtyard garden, located off the kitchen. There is also a double garage, two allocated parking spaces and additional visitor parking.
Location
Nestled away in the lovely area of Nutfield, Surrey, these beautifully crafted homes complement their natural Surrey countryside setting with picturesque surroundings and with the added benefit of being on the boundary of Mercers Country Park and nature area. Youre within a few steps of some wonderful routes to walk and explore be it a dog walk, cycle ride or simply taking in the fresh countryside air, all on your doorstep.
Also conveniently located nearby is The Hawthorns School an independent Prep school, Priory Farm with its award-winning farm shop, garden centre & family nature trails & Nutfield Priory Hotel & Spa with gym & swimming pool. For commuters, both Merstham (1.9 miles) & Redhill (3 miles) train stations are easily accessible with close links to London & the South Coast. The motorway M25 can be accessed via Junction 6 Godstone or Junction 8 Reigate. While you enjoy a countryside residence with historic villages on your doorstep, youre only minutes away from all the comforts of either Redhill or Reigate town.
Local Council: Tandridge
Council Tax Band: G
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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