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£1,295,000
Bedrooms
Bathrooms
DESCRIPTION
This impressive family home is well situated in one of Folkestones most coveted locations. The property exudes charm and character throughout and enjoys a wealth of original features throughout the beautifully appointed interior. The accommodation, which is of particularly comfortable proportions total some 4651 sq ft (including the garages) and comprises an entrance vestibule opening to the welcoming entrance hall which leads to the drawing room and sitting room, both overlooking the garden, a study and dining room which in turn leads to the kitchen and utility room beyond. There is also a conservatory and a cloakroom. On the first floor there are five bedrooms, the principal suite with dressing room and en-suite shower room, and a bathroom. the second bedroom has a staircase leading to a wonderful second floor studio from where magnificent views over Sandgate and of the sea can be enjoyed.
The house occupies a generous plot with ample parking to the front on the carriage driveway which also provides access to the integral garage and to the generously sized tandem double garage, a recent addition which includes an inspection pit. To the rear, the stunning Italian themed gardens enjoy a westerly aspect and have been lovingly created to provide a delightfully secluded environment in which to relax and entertain alfresco.
For room sizes please refer to the floorplan.
SITUATION
The property is within Folkestones sought after West End on a peaceful, no-through road. It is within metres of The Leas, a mile-long promenade offering stunning sea views towards France as well as access down to The Riviera beach and the award-winning Lower Leas Coastal Play Park. The Leas can be followed as far as Folkestone Harbour with the recently revitalised Harbour Arm offering champagne bars, restaurants, cafes and live music. Half a mile to the west of the property is the vibrant coastal village of Sandgate with its eclectic mix of antique shops, boutiques, restaurants and sailing club beyond. Folkestone town centre is within a mile of the property.
The Girls and Boys Grammar schools, The Turner School and The Academy offer excellent secondary education and highly regarded primary schools including Sandgate and Morehall are all close by.
There are a variety of sporting facilities available along the coast, including rowing, sailing, cricket, squash, bowls and swimming clubs as well as golf courses in the immediate vicinity.
Folkestones West End station is a short, level walk away from the property with the High Speed Link service to London St Pancras taking around 53 minutes. The M20 motorway network and the Channel Tunnel Terminal at Cheriton are 1.5 and 3.5 miles away 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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