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£1,150,000
Bedrooms
Bathrooms
Set on a corner plot with views over the woods, is this extended five bedroom detached family home, positioned in a highly desirable location and less than half a mile from Darrick Wood junior & senior school.
The property is beautifully presented throughout and the ground floor comprises, spacious entrance hallway with parquet flooring, bright front lounge with feature fireplace, wall lights and glass panel divide, guest bedroom which could be used as a playroom, and a cloakroom.
The 24ft kitchen/diner is contemporary in style and has a large range of wall and base units, solid wood worksurfaces, built-in double oven with extractor, induction hob, integrated dishwasher & fridge/freezer, peninsular breakfasting bar with pendant lighting, skylights, spotlights, additional full height storage and bi folding doors to the garden. The utility room has space for a washing machine, tumble dryer and clothes airer.
To the first floor there are four bedrooms, ensuite shower to master and a family bathroom with panel bath, separate shower enclosure, vanity storage and heated towel rail. The property also benefits from a loft space that is boarded with ladder and light.
Outside, the secluded garden is mainly laid to lawn with patio seating area, pergola, outdoor pizza oven with log store and preparation area, heat lamps, modern workshop and gated access to the side and to Crofton Avenue.
Norman Close is a highly popular cul-de-sac and is also convenient for the selective schools of Newstead Woods and St. Olaves. A short walk away is Orpington mainline train station offering links to Charing Cross and Victoria, local shops, restaurants and cafes in Locksbottom, plus Tugmutton Common.
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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