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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
Welcome to this charming three-bedroom detached bungalow nestled in the highly desirable location of Homefield Road, Warlingham. This property offers a unique opportunity for either someone looking for a detached bungalow in one of the most sought after roads, or a buyer looking at the extension potential to create an ideal home.
Key Features:
Three Bedrooms: Spacious bedrooms provide ample accommodation for a growing family or those seeking extra space for guests or home office setups.
Lounge & Dining Room: The property boasts a cozy lounge area, perfect for relaxing evenings, and a separate dining room offering a delightful space for family gatherings and entertaining guests, theses two rooms could be knocked in to one, (subject to building regulations) to create a large reception room.
Conservatory: Located off the lounge is this charming conservatory, flooded with natural light, providing an ideal spot to enjoy the views over the garden.
Large Double Garage: The property comes with a generously sized double garage, offering not only parking space but also additional storage solutions or a workshop, ensuring functionality and convenience.
Potential for Extension: With ample space both indoors and outdoors, there is exciting potential for expansion or renovation to tailor the property to your specific needs and preferences, making it a versatile investment opportunity.
Gated Driveway: Enjoy privacy and security with a gated driveway, providing ample parking space for multiple vehicles and ensuring peace of mind for homeowners.
Sought-After Location: Situated in a highly sought-after area of Warlingham, residents benefit from a tranquil setting while still being within easy reach of local amenities, schools, and transport links, offering the perfect balance of convenience and serenity.
Offered with No Chain: This property is offered with no onward chain.
This impressive property on Homefield Road presents a rare opportunity to own a detached bungalow in a prime location with the added benefit of potential for further expansion. Dont miss out on the chance to make this your dream home!
For more information or to arrange a viewing, please contact Park & Bailey today.
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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