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£725,000
Bedrooms
Bathrooms
A four-to-six-bedroom semi-detached home including an annex if required. Located on a popular Private Road within the village of Row Town.
Internally this is an interesting and spacious home with over 2000ft2 of living space. On the first floor there are four bedrooms and two bathrooms. The main bedroom is massive and has built-in wardrobes, a dressing room and a large en suite. There is a further family bathroom and three further bedrooms all with built-in wardrobes. There are also two lofts both with accessible hatches and pull-down ladders.
On the ground floor there are currently two bedrooms with the use of a ground floor shower room. This has been well set up by the current owners who currently rent out the rooms to generate additional income. For the future this would make a great annex set up If needed or could be converted back into additional living space for the main home. On top of these rooms there are two large reception rooms plus a wide kitchen that spans most of the width at the rear of the home.
Externally you have a large driveway to the front of the home giving off street parking for multiple cars. To the rear is an easterly facing garden with mature screening, patio and lawn. There is plenty of additional space to the side of the house with further potential to extend subject to the normal permissions.
A great location within Row Town set within the private road of Chaucer Way. The local village is close by with a selection of handy shops including a Co-op and a popular Indian restaurant. There are two local primary schools in the village, a popular bistro pub and an excellent garden centre just down the hill. There is also a good selection of secondary schools within a reasonable distance. Row Town is a popular choice for family buyers who need good road links as there is good access to the M25 and A3 nearby. EPC Rating E.
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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