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£1,750,000
Bedrooms
Bathrooms
DESCRIPTION
Oakhurst is a fine example of the work of renowned architect, Mr Edgar Ranger who was inspired by the Arts & Crafts movement, an influence which is evident throughout this impressive home is amongst the finest in the area. Built in circa 1930 and sympathetically extended at a later date, the house exudes charm and character with a wealth of original architectural details throughout including joinery, plaster mouldings and fireplaces.
The elegantly proportioned accommodation totals circa 5737 sq ft (plus a 1628 sq ft attic room and outbuildings) and comprises a wonderful reception hall with a grand staircase and beautiful panelling leading to the 34ft drawing room with its beautifully detailed ceiling, a feature repeated in both the magnificent dining room and the morning room. There is also a study. The kitchen, pantry and utility room have been recently refitted in a sleek contemporary style and a boiler room, shower room and guest cloakroom complete the ground floor. On the first floor the delightful galleried landing leads to the principal suite with en-suite bathroom and dressing room, four further bedrooms, one with an additional en-suite bathroom and further bath and shower rooms. The attic room is vast and could be utilised for a variety of purposes.
The house stands in delightfully secluded, walled gardens which have been thoughtfully planted for year round interest. Various 'garden rooms' provide inviting spaces for alfresco dining and entertaining. There is a generous driveway providing parking for numerous vehicles and access to the integral garage. There is also a useful outbuilding and outdoor kitchen. Direct access can be gained to the adjoining Balfour Gardens on the eastern boundary, part of the Radnor Estate, for which Oakhurst contributes circa 328 per annum towards the maintenance of.
For room sizes please refer to the floorplan.
SITUATION
Dixwell Road is an exclusive address within Folkestones sought after West End within a short, level walk from Folkestone West Station from where the High Speed Link service to London, St Pancras is available (journey times of around 53 minutes). Both the Girls and Boys Grammar Schools and highly regarded primary schools including Sandgate and Morehall, The Turner School and The Academy are also within walking distance. The property is only about a mile from Folkestone town centre and the picturesque Leas Promenade is seconds away at the end of the road. From here fine views of the English Channel and to the coast of France can be enjoyed and access can be gained to the coastal path at the foot of The Leas. This can be followed to Folkestone Harbour with the recently revitalised 'Harbour Arm' with champagne bar, restaurants, cafes and live music. The vibrant village of Sandgate with its eclectic mix of village store, antiques shops, boutiques, public houses, cafes and restaurants is a little further where the long stretches of shingle beach and sailing club can be found. The Cinque Ports Town of Hythe with its bustling High street and Waitrose, is approximately 5 miles away to the west.
There are a variety of sporting facilities available along the coast, including rowing and sailing clubs, cricket, squash and bowls clubs. There are also a choice of golf courses in the immediate vicinity together with the Hotel Imperial Leisure Centre. The M20 motorway network and the Channel Tunnel Terminal at Cheriton are about 1.5 and 3.5 miles distant respectively.
Map location is not available for this property.
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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