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£1,350,000
Bedrooms
Bathrooms
Reception
This unique detached lodge, believed to have been built in the 1950s, is set within its own private grounds, situated at the entrance to a private road. The property offers adaptable accommodation which includes four bedrooms and a double aspect kitchen breakfast room of over 24 ft. Providing the perfect balance of family living and rural life, the grounds are an outstanding feature of the property, with substantial outbuildings including a large barn, garaging, workshop and stabling. The grounds slope gently from the house with undulating meadow and woodland. Surrounded by lush greenery, the property offers a certain environment, where meadows merge with the dappled shade of mature trees, creating a haven for families and nature alike. The grounds extend in all to about 4.75 acres.
Summary of Accommodation
Open Porch with pitched roof to:
Entrance Hall L shaped, staircase to first floor
Lounge/Reception Room, feature open brick fireplace
Double Aspect Dining Room
Double Aspect Study
Snug
244 Kitchen/Breakfast Room, range of base cabinets, cooker hood, space for dining table, two separate doors to garden
Utility Room, inbuilt cabinets with sink unit, useful storage cupboards and equipment space
Cloakroom
Attached boiler room, accessed from outside
First Floor Landing
Principle Bedroom with range of inbuilt cupboards
Ensuite Bathroom, white suite of shaped bath, floating double hand basin, WC with concealed cistern, 2 ladder radiators
3 further double bedrooms
Family Bathroom, white suite
Outside
Front Driveway, high timber gates, providing access to:
Large Gravelled Parking Area to Rear
Terrace, approached from the kitchen, ideal for entertaining, stone steps to formal lawn
Large Timber Clad Barn, asbestos roof, four sets of double doors, attached garage, stable, workshop and store
Separate Tractor Store
Block Of Two Further Stables
Greenhouse
The extensive formal lawn leads to an area of wild meadow
Enclosed vegetable garden
Farm gates lead to a large fenced livestock paddock and an area of natural woodland with many specimen trees
In all, the grounds extend to approximately 4.75 acres
Freehold
Oil Fired Central Heating
Mains water, Electricity, Private Drainage
Council Tax Band G (Tandridge District Council)
Voluntary Contribution To Private Road Repairs: Currently 250 pa.
Location
The property is just 2 miles from the picturesque village of Bletchingley, which benefits from convenience stores, a post office, a delightful tearoom and three historic pubs. There are fast rail connections from Merstham station (3 miles away) with direct trains to London Victoria (35 mins), London Bridge (28 mins) and St Pancras. For comprehensive shopping, the larger town of Redhill is approximately 5 miles away and the popular town of Reigate is just over 6 miles away. For the international traveller, Gatwick airport is about 15 miles. There is an excellent choice of schools in both the state and private sectors including Hawthorns, Caterham and Reigate Grammar.
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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