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1 Fairway, Petts Wood
£850,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 850,000-875,000
This deceptively spacious 1930s built semi-detached house is extended on the ground floor (rear aspect) and benefits from a well planned loft conversion forming the main bedroom with en-suite shower room and walk-in wardrobe. The property is situated within close walking distance of the town centre, mainline station (serving Victoria, Charing Cross and Canon Street), Station Square for an array of independent shops and larger stores, good transport links for Orpington and Bromley amenities, plus nearby reputable schools. The accommodation comprises four generous bedrooms, a desirable social aspect kitchen, open plan to the dining and conservatory areas, a separate living room to front aspect, a family bathroom with shower, en-suite shower room and dressing room (main bedroom). Outside you will note a sizeable rear garden laid to lawn, private driveway and attached storage garage. Features include double glazed windows, French doors to a Juliette balcony in the loft conversion, gas central heating, gloss white kitchen with quartz work surfaces, integrated kitchen appliances, well presented interior and close access to outdoor green spaces, including Petts Wood National Trust woodland for leisurely walks. EXCLUSIVE TO PROCTORS.
Traditional brick and tile.
Map location is not available for this property.
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.
1 Fairway, Petts Wood
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