7 bedroom detached for sale

£3,250,000

7

Bedrooms

4

Bathrooms

6

Reception

Floorplan

Entrance Porch Reception Hall Drawing Room Dining Room Kitchen-Breakfast Room Lift to first floor Garden Room Snug Study Utility Room WC Boiler room Cellar Principal Suite of Bedroom and Bathroom 4 Further Bedrooms 2 Further Bathrooms Self Contained Suite of 4 Rooms

Separate Detached 4 Room Lodge Garage Garden Store Beautiful gardens and grounds immediately adjacent to golf course. About 3.65 acres

Charlewood House

Charlewood House is a timeless sanctuary of grace and elegance where the splendour of Edwardian architecture merges seamlessly with secluded and established grounds. Dating back to 1908, the house is arranged over two floors only, with extensive accommodation, including 7 bedrooms. Stepping inside you are introduced to the character which defines this property. Original features include large bay and sash windows allowing light to flood in, high ceilings with decorative mouldings, fireplaces, oak flooring and oak panelling in the dining room. The bespoke, individually designed hand-painted kitchen/breakfast room has marble and tiled surfaces work surfaces, as well as tiled flooring, centred around a recessed Falcon gas range cooker. There is a LIFT from the kitchen to the first floor. The kitchen also leads through to the large garden/family room, creating an attractive informal space with delightful views over the gardens.

Self Contained Suite and Lodge Cottage

In additional to the main accommodation, there is a flexible first floor annexe with its own front door. This provides further accommodation of double reception room, kitchen, 2 bedrooms and bathroom. The separate Lodge Cottage has been recently modernised by the owners, comprising 4 rooms, kitchen and bathroom. There is a discreet area of garden and parking by the main gates. The apple orchard provides further screening from the gardens of the main house.

Gardens and Grounds - extending in all to 3.65 acres

The gardens and grounds are a private oasis, with mature hedging and rhododendrons to the boundaries and an impressive tree lined entrance drive. The formal lawns and extensive planting lie immediately behind the house enjoying a southerly aspect and are divided by shingled walkways. Beyond is the paddock and orchard, the cottage garden, greenhouses and two garden sheds.

Location

The property is situated in a delightful semi rural location, about 1 mile from the historic village of Lingfield. Centered around a picturesque pond, Lingfield offers local shopping facilities, the Church of St Peter and St Paul and a choice of pubs, coffee shops and restaurants. Just outside of the village is the mainline station, and the renowned Lingfield Racecourse, with 18 hole golf course.

For more comprehensive shops, including Waitrose, the old market town of East Grinstead is about 4 miles away.

There is an excellent choice of independent schools in the area, including Lingfield College, Brambletye, Ardingly College, Worth and Cumnor House.

The property is situated close to various National Trust properties, as well as Hever Castle, the childhood home of Anne Boleyn. The nearby Ashdown Forest, with its ancient origins, provides excellent walking and riding (by permit).

As well as Lingfield mainline station, there is also a station at Dormans (0.8 mile away). Junction 6 of the M25 motorway lies about 12 miles to the north. For the international traveller, Gatwick airport is just 9 miles distant.

Freehold
Gas fired central heating, mains water, electricity, private drainage
Council tax band: H
Local council: Tandridge

Agents note
The lodge contains white asbestos within its structure, with a professional report obtained by our client confirming that no action is required other than to manage the property including ongoing monitoring.

Mortgage Calculator

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

Monthly Payment: £14,055.17

Total Interest: £1,809,862.32

Overall Total: £5,059,862.32

Amortization For Monthly Payment: £14,055.17 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£103,043.14 £65,618.94 £3,184,381.06 
2026£100,912.26 £67,749.81 £3,116,631.25 
2027£98,712.19 £69,949.89 £3,046,681.36 
2028£96,440.67 £72,221.41 £2,974,459.95 
2029£94,095.38 £74,566.69 £2,899,893.26 
2030£91,673.94 £76,988.14 £2,822,905.12 
2031£89,173.86 £79,488.21 £2,743,416.91 
2032£86,592.60 £82,069.48 £2,661,347.43 
2033£83,927.51 £84,734.56 £2,576,612.87 
2034£81,175.88 £87,486.19 £2,489,126.68 
2035£78,334.90 £90,327.18 £2,398,799.50 
2036£75,401.66 £93,260.42 £2,305,539.08 
2037£72,373.16 £96,288.92 £2,209,250.16 
2038£69,246.32 £99,415.76 £2,109,834.40 
2039£66,017.94 £102,644.14 £2,007,190.27 
2040£62,684.72 £105,977.35 £1,901,212.91 
2041£59,243.26 £109,418.81 £1,791,794.10 
2042£55,690.05 £112,972.03 £1,678,822.07 
2043£52,021.45 £116,640.63 £1,562,181.44 
2044£48,233.71 £120,428.36 £1,441,753.08 
2045£44,322.98 £124,339.10 £1,317,413.98 
2046£40,285.25 £128,376.83 £1,189,037.15 
2047£36,116.40 £132,545.67 £1,056,491.48 
2048£31,812.18 £136,849.90 £919,641.58 
2049£27,368.18 £141,293.90 £778,347.68 
2050£22,779.87 £145,882.21 £632,465.46 
2051£18,042.55 £150,619.52 £481,845.94 
2052£13,151.41 £155,510.67 £326,335.27 
2053£8,101.43 £160,560.65 £165,774.62 
2054£2,887.46 £165,774.62 £0.00 

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

£ 2,822,700

Mortgage Loan to Value

87%

Gross Yield

12%

Annual ROI

32%

Annual Rental Profit

£ 171,759

Cumulative Rental Profit

£ 1,717,585

Cost of Purchase

£ 385,200
  • Stamp Duty
    £ 301,250

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

  • Refurbishment Budget
    £ 81,250
  • 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

£ 218,242
  • Mortgage Interest
    £ 127,022

    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)
    £ 51,480
  • Letting Fee
    £ 240
  • Maintenance
    £ 39,000
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 3,376,293
  • Final Equity Profit
    £ 1,658,708

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

  • Cumulative Rental Profit
    £ 1,717,585

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 5,293,908

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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