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£2,000,000 Offers in excess of
Bedrooms
Bathrooms
An outstanding ground floor mansion apartment with private gardens, the largest of eight created by Octagon in this magnificent Victorian Gothic country house set in secure parkland grounds at the heart of the exclusive Kingswood Warren. A luxuriously appointed home of great character.
This landmark Victorian Gothic mansion was built by Thomas St Leger Alcock in 1837 and for a century was home to several distinguished families including those of the MP Henry Orme Bonsor and later Joseph Rank, founder of the milling empire. Later used as a girls finishing school, hotel and offices, the house was for some sixty years the home of the BBC Research and Development department. Acquired by prestigious house-builder Octagon in 2011, the mansion was converted into eight luxurious and unique apartments set in 19 acres with 5 acres of formal communal gardens.
Our clients home is the largest and most prestigious of these apartments and incorporates some of the original magnificent reception rooms. The property enjoys three aspects and views over its good-sized private gardens with double doors to a spacious, wrap-round terrace and this provides ideal spill-out space for entertaining family and friends. Enhanced by further improvements, the interior of over 4,000 sq ft has a perfect blend of contemporary sophistication and period gravitas with many luxuries alongside character features.
The property comes with a wealth of storage having an extensive private cellar and further store in the secure, underground garage where there are two large parking bays. In addition to the private gardens, Kingswood Warren Mansion is encompassed by parkland communal grounds with secure gated entrances. Rarely does a property truly live up to the description of a mansion apartment. This property does. Interior viewing is essential.
Set at the heart of the gated Kingswood Warren Park, the property enjoys privacy and security whilst also offering remarkable accessibility to all the needs of modern life.
Kingswood Village is just over half a mile away and offers a local shop, restaurants, a caf and the Kingswood Arms pub and the station provides commuter rail services to London Bridge and Victoria.
The A217 gives an arterial route to London and just 2 miles away the M25 at Reigate Hill (Junction 8) brings both Gatwick and Heathrow airports and several coastal ports within easy reach. Reigate, Epsom and Banstead Village are each within a short drive and have excellent local shopping.
This part of the Surrey Downs has many venues for sport, leisure and cultural pursuits and these include Kingswoods two golf courses and tennis club, nearby Walton Heath and Epsom RAC golf clubs, theatre and cinema at Epsom and Reigate, many fine restaurants and pubs and several gyms.
The outstanding natural beauty of Walton Heath, Banstead Woods and Reigate Hill are also nearby.
Tenure: Share of Freehold
Service Charge - 13,317 pa
Local Authority: Reigate and Banstead Borough Council
Council Tax Band: H
FFTP
All mains services
To the best of our knowledge on production of this brochure
Map location is not available for this property.
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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