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1 Fairway, Petts Wood
£1,250,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 1,250,000-1,275,000
New to the market since 1969. A rarely available 1930s built detached character house occupying a prestigious location in Little Thrift, a popular tree lined cul-de-sac surrounded by National Trust woodland. The property features an unbelievable plot size and offers scope to extend the existing footprint to mirror neighbouring properties, subject to the usual planning consents. The accommodation briefly comprises four bedrooms, two spacious reception rooms, breakfast kitchen, separate utility room, cloakroom and family bathroom. The guest bedroom/ 4th bedroom is situated on the ground floor. There is a breathtaking rear garden providing an extensive lawn, mature borders, woodland area and attached garage. Benefits to note include replacement boiler in 2024, double glazed character windows and well presented interior. Little Thrift is situated within a Conservation area within easy walking distance of Petts Wood mainline station and the town centre for an array of independent shops, restaurants, delis and larger stores and has adjacent access to all of Petts Wood National Trust woodland and open spaces. EXCLUSIVE TO PROCTORS.
Brick and tile
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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