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1st Floor , Brunswick House, Regent Park, 297-299 Kingston Road, , Leatherhead
£490,000
Bedrooms
Bathrooms
This well-proportioned and beautifully appointed, light and bright apartment is ready for immediate occupation. Features of note include: camera entry phone system for security, a private terrace that the buyer has use of and the convenience for access, generous ceiling height, underfloor heating throughout, extensive storage cupboards and generously sized bathrooms with chrome heated towel rails. Fonteyn House is set in the extensive grounds of the picturesque Charters Village formerly known at Charters Towers, a fine Arts and Craft mansion with its own private grounds. The property is well served for shopping with the charming and attractive local village of Lingfield (about 2.5 miles to the north) or for your larger super markets, including a Waitrose and Sainsburys in the historic town of East Grinstead about 1.3 miles to the south. East Grinstead train station is about 1.7 miles. For more extensive shopping - Royal Tunbridge Wells (about 15 miles to the east). Charters Village is the perfect place for those looking for retirement living full of lunch dates with friends, adventures in the countryside, spa trips, and afternoons at the races.
Service Charge: 10,993 per annum
Ground Rent: 300 per annum
Council Tax: 2,919 per annum (Tax Band E)
Lease Length: 113 years remaining
Owners of a Retirement Villages Lease are required to pay an assignment fee on re-sale of the property which is a maximum of 10% of the re-sale price of the property when it is re-sold.
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.
1st Floor , Brunswick House, Regent Park, 297-299 Kingston Road, , Leatherhead
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