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1 Fairway, Petts Wood
£1,250,000 Guide Price
Bedrooms
Bathrooms
A substantial 1930s built bay-fronted semi detached house, extended by the current owner by way of a double storey side extension and rear ground floor extension forming an impressive family home with flexible accommodation. The property affords five double bedrooms, a first floor office/6th bedroom, a desirable social living space of 9.36m x 7.04m, separate living room to front aspect, a breakfast island kitchen, utility room, three en-suite shower rooms, cloakroom and family bathroom with shower. The quality German made kitchen offers four ovens, quartz work surfaces plus integrated appliances. Outside you will note a purpose built gym/ work space of 6.64m by 4.43m with cloakroom, bi-fold doors, an AC/heat exchange unit, sound proofing and network cabling. Additional features include refurbished interior, character double glazing, double glazed roof lantern, gas central heating, under floor heating in the rear extension, under floor heating in the en-suites and family bathroom, Amtico flooring, fitted wardrobes in three bedrooms, alarm system, and character entrance hall. The property is situated within walking distance of the town centre, reputable local schools, mainline station and comprehensive transport links. An ideal opportunity for two generational living or a family in need of ground floor bedroom and en-suite for mobility needs. EXCLUSIVE TO PROCTORS.
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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