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£1,650,000
Bedrooms
Bathrooms
Reception
This individual detached 17th Century 5 bedroom home has a wealth of period features including open fireplaces and many exposed timbers. In its more recent history, the property has been sympathetically extended to create a delightful family home.
The house is approached by a private lane, which also leads to a double garage with studio/annexe above and a pool changing room to the rear.
The mature and established gardens are a particular feature with outdoor pool, adjacent summerhouse and breeze house. Beyond the secluded gardens, there is a paddock which can be accessed separately.
SUMMARY OF ACCOMMODATION
-Entrance lobby
-Reception hall with brick inglenook fireplace
-Cloakroom
-Double Aspect Drawing Room, brick inglenook fireplace, exposed timber framing, beams -Double Aspect Sitting Room, brick fire surround and bay window
-Double Aspect Kitchen, range of base and wall cupboards, granite worktops, twin Belfast sinks, Falcon Professional Range. Island unit with breakfast bar, oak flooring. French doors to garden.
-Breakfast Room, fireplace with wooden mantel
-Snug, exposed beams, oak floor
-Rear hall with boiler cupboard
-Triple Aspect Well Proportioned Dining room
-Utility room
-Two sets of staircases serve the first floor and so part of the property could be utilised as an annexe
-Principal bedroom with bay window and fitted wardrobes. En-suite bathroom and dressing area
-2 bedrooms with en-suite shower rooms
-2 further bedrooms, one with gallery over
-Family bathroom
OUTSIDE
-Garaging with pool room, wet room
-Studio/Annexe over garaging with large bedsitting room, kitchen area and separate shower room
-Swimming pool with paved surround, pool shed
-Established formal gardens with lawns, breeze house, summerhouse and large degree of seclusion
-Large Paddock
-Grounds of about 4.25 acres in all
LOCATION
The property is situated on the outskirts of the villages of Copthorne and Crawley Down, close to open fields and countryside. Copthorne provides a Church, pubs, village store and an excellent primary school. More comprehensive shopping facilities can be found at Crawley town centre, about 5 miles distant. For international travel, Gatwick airport is also about 5 miles. The nearest rail stations with links to London are Three Bridges (fast train approximately 40 minutes), Gatwick (including the Gatwick Express 35 minutes) and at the old market town of East Grinstead.
Council tax band G
Mains water and electricity, gas fired heating
Private drainage
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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