5 bedroom detached for sale

£1,200,000

5

Bedrooms

3

Bathrooms

Floorplan

Deceptive, spacious (about 2670 sq ft including garage) three storey, five bedroom detached family home, a short walk from the sought after Highfield Infant and Junior schools with good proportion rooms throughout the property. Off the welcoming hallway are the white suite cloakroom and the 22 7' x 12 9' kitchen/breakfast room, with cream fitted units and granite work surfaces. Separate utility room and off the breakfast area is the double glazed conservatory/garden room, which overlooks the garden. Delightful 22 6' x 12 9' living room, main bedroom with dressing room and white en suite shower room and separate w.c. to the first floor. Three further bedrooms, one having fitted wardrobes and a white en suite shower room, study/5th bedroom and family bathroom to the second floor. Gas fired heating with radiators and double glazing. Brick pavior hardstanding for two vehicles to the front, leading to the larger than average integral garage. 125 x 31 rear garden, laid mainly to lawn with a paved terrace and shrub border.

This property is in the section of Cumberland Road between South Hill Road and Valan Leas. Local schools include the sought after Highfield Infant and Juniors, Harris Primary Academy and Langley Park Secondary schools. There are local shops at the junction of Westmoreland and Pickhurst Lane. Bus services pass along St Marys Avenue and Cumberland Road with routes to Bromley High Street, about 1 mile away, with The Glades Shopping Centre and Bromley South Station with fast (about 18 minutes) and frequent services to London. Shortlands station (Zone 4) and shops in Shortlands village are about 0.9 of a mile away. South Hill Woods can be accessed off Tootswood Road.

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

£ 993950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 30000
  • 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

£ 93950
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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

Notes

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