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£1,400,000 Offers in excess of
Bedrooms
Bathrooms
Substantial detached character house, offering flexible accommodation and set within beautifully landscaped gardens and grounds. This impressive property provides extensive living space with significant potential for further extension or development, subject to planning permission.
Frith Lea has been owned by the same family for over 40 years and occupies an enviable position on the outskirts of Knockholt village, nestled within the scenic North Downs.
The ground floor comprises an entrance porch, 30ft lounge diner with log burner, large open plan kitchen breakfast room with decorative panelling range of wall and base cupboard units and French doors opening onto the patio, a bathroom with separate bath and walk in shower, two double bedrooms, and a side extension with wc and commercial kitchen/utility area with sink, space and plumbing for washing machine and dishwasher .
To the first floor is a master bedroom with en suite shower room and fitted wardrobe, a recently refurbished family bathroom and three further bedrooms.
The property is approached via a gravel drive providing extensive parking for over ten vehicles. There are multiple out buildings providing approximately 1,200 sq ft of versatile workshop space, ideal for various hobbies, home business use, or potential equestrian facilities. Further features include a tennis court, manicured lawns, patio / BBQ area, organic allotments and large greenhouse.
The property lies close to local amenities in Green Street Green, while Chelsfield, Knockholt and Orpington are the nearest train stations with links to London. Further shopping facilities can be found in Orpington, Sevenoaks and Bluewater, while High Elms is the nearest country park and golf club. The M25 can be easily joined connecting to major road networks as well as Gatwick and Heathrow airports.
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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