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1 Fairway, Petts Wood
£1,250,000 Offers over
Bedrooms
Bathrooms
This deceptively spacious mock Tudor detached house has been extended to the rear elevation to provide four bedrooms on the first floor, two generous bathrooms (one en-suite), an attractive breakfast kitchen and separate large utility space. There are two sizeable reception rooms, a ground floor cloakroom, family bathroom and character entrance hall. The property features character leaded light interior doors, a classic front elevation with oriel bay windows and a character open oak porch. Additional benefits include CHAIN FREE availability, gas central heating, a pressurised hot water system, security system, double glazed windows, a turnkey interior, open working fireplace, Miele and Bosch cooking appliances and natural wood flooring. Outside you will find a mature rear garden measuring 93ft mainly laid to lawn with a spacious terrace, a paved frontage for ample parking, electric car charging unit, and attached garage offering interior access. The property is situated in a sought after road within walking distance of the town centre, Petts Wood mainline station, Station Square for an abundance of shops and independent stores, local transport links, plus National Trust woodland on your doorstep. The owners have plans available to extend the ground rear elevation (granted in 2021) and potential plans for a loft conversion, (subject to planning and building regulations approval). Interior viewing comes highly recommended by the Sellers sole agent.
traditional 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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