5 bedroom detached for sale

£2,250,000 Guide Price

5

Bedrooms

5

Bathrooms

Floorplan

'CHAIN FREE / Guide Price 2,250,000 - 2,500,000'

Built in 2015, Redlap is a stunning five bedroom five bathroom detached family home, ideally located for excellent local schooling and Elmstead Woods station.

Offering a wealth of accommodation over four floors this home boasts in excess of 4500 square feet of living space, designed for modern living, entertaining and with a high specification finish throughout.

The property is privately gated and has a landscaped resin bonded driveway suitable for several vehicles. Once inside there is a study/office, an ultra-convenient boot room off the entrance lobby and internal access to the garage which has been converted to a fully functioning gymnasium complete with specifically sourced flooring to provide insulation and the option to park vehicles on if someone wanted to revert to using as a garage.

The principal floor measures nearly 2000 square feet and has been created to provide vast open plan living with a fantastic living/kitchen area containing a stylishly designed fitted kitchen by renowned kitchen maker Stonehams, including a central island, stone worktops and assorted integrated appliances by Siemens and Liebherr. The dining area is off the main kitchen area and overlooks the garden, there are bi folding doors across the kitchen/living and dining areas opening onto the patio and rear garden ideal for family and social summer days and evenings. The rear garden is beautifully designed with a curved stone tiled patio and laid lawn, bordered with manicured shrubs and trees. To the front of the living space are doors to a Chelsea style terrace, completely private and an ideal morning coffee plot and suntrap. Furthermore, this floor includes a cinema room, fully insulated for sound and including a 4K/UHD projector, screen and equipped with Dolby Atmos speaker system. There is also a fully fitted utility room off the kitchen and guest WC off the landing.

The interior finishes have been carefully thought out, of a contemporary design and consist of an eclectic mix of glass, porcelain tiling, walnut and luxurious carpets amongst other things and access to the first floor is via a walnut staircase with glass balustrade situated within the bright and spacious landing benefitting from a double aspect.

This floor consists of four double bedrooms including the main bedroom suite, ensuite bathroom with Aqua Vision TV and dual vanity units, generously sized walk in wardrobe, vaulted ceilings and architectural feature windows. The three other double bedrooms all include built in wardrobes and there is another ensuite bathroom to one and a large family bathroom off the landing complete with oval shaped bath.

The top floor incorporates the fifth bedroom with a further shower room and far reaching views towards London.

Sundridge Avenue is located just 0.5 miles from Elmstead Woods Station, offering excellent links into London Bridge, Charing Cross and Cannon Street. The area is well served by several excellent schools, the award winning Breaside is within close proximity and Bullers Wood, Scotts Park, Farringtons, Babington House, Bickley Park, and Bromley High School are also nearby.

Energy Efficiency Rating C | Council Tax London Borough Of Bromley Band H

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1927700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 56250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 240200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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