4 bedroom detached for sale

£585,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

Regal Estates are delighted to offer for sale this four bedroom, detached period cottage built in 1921 and located in the tranquil countryside and just a short driving distance from both Canterbury and Sandwich.One of the outstanding features of the property are the gardens which measure approximately 1/3 rd of an acre, if you like gardening then this is the home for you!Previously owned by the owners of the nearby Preston plant nursery, there is no shortage of mature shrubs and plants, both common and rare. Our vendors have continued this on and developed a outstanding garden with a number of peaceful seating areas where you can enjoy your garden during the day and also at night, you can enjoy the heavily starred night sky with no nearby light pollution.Inside the property there is a real sense of family and the accommodation has been extended to enhance that living.Downstairs there is a lounge and then the hub of the house- the fitted kitchen and dining room.There are two bedrooms downstairs, one with fitted wardrobes and an en-suite.There is also a useful utility room.Upstairs, there are two further double bedrooms and a separate family bathroom.Outside, to the side is off road parking for at least 3 cars and also a garage.There are many lovely countryside walk - turn right and you can walk to the Grove Ferry Inn, and left if you want to go to the Red Lion in Stodmarsh. The wonderful Stodmarsh Nature Reserve is just a short walk from the property, it can be accessed on foot from the side of the property.Period features combined with modern touches and a fabulous garden we strongly recommend you arrange a viewing.
Lounge 193 x 143Kitchen/dining room 19 x 117Bedroom one 1311 x 128Bedroom two 128 x 118Bedroom three 134 1210Bedroom four. 1110 x 101Two bathroomsUtility room.




Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 485325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 46575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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