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1 Fairway, Petts Wood
£1,150,000 Guide Price
Bedrooms
Bathrooms
This character 1930s built semi-detached house enjoys a desirable aspect in Dale Wood Road, situated within easy walking distance of Orpington mainline station, Petts Wood amenities, grammar schools St Olaves and Newstead Woods, Crofton Schools and good transport links. The accommodation briefly comprises four generous bedrooms on the first floor, an impressive social dining kitchen with island, three reception rooms (one used as a home office), large utility room, cloakroom off the open plan entrance hall, en-suite bathroom and walk-in wardrobe room off the main bedroom and newly fitted shower room. The island kitchen offers integrated AEG cooking appliances, Rangemaster American fridge/freezer and large ceiling lantern for lots of skyline. Outside you will note a west facing garden measuring approximately 90ft with a new lawn, large driveway for relaxing, deep driveway for several cars and established frontage. Benefits include double glazed windows, re-modelled interior doors, alarm system, CCTV, plantation shutters, bi-fold doors, gas central heating and water softener. Dale Wood Road is lovely tree-lined and unadopted Road. 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.
1 Fairway, Petts Wood
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