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£1,900,000 Guide Price
Bedrooms
Bathrooms
A unique and characterful detached house, currently arranged as ground-floor and first-floor apartments and now available for conversion to a single substantial house, or even replacement in this high-value location.
One of the few Kingswood Warren houses that is within just a few minutes walk of the village and station.
Individually designed and built in the 1930s, this distinctive detached house was for many years a private school before being converted in the 1960s into two spacious apartments.
Now owned by the same family and available as a single Freehold, this represents an exciting opportunity for the next owners to adopt or re-configure the house for extended family occupation, or to convert to a single substantial and imposing house. In this high-value location, there is even the option to completely replace the building with a modern mansion.
The gardens are mainly level and have a high degree of natural privacy. The broad frontage has an In and Out carriage driveway that provides ample parking in addition to the detached double garage.
Both apartments have been updated and include modern kitchens, bathrooms and shower rooms and both have double-glazing and gas central heating. A property with so much versatility.
Make your viewing appointment through the sole agents, Richard Saunders at Kingswood.
Regarded as one of Surreys most sought-after locations, Kingswood Village offers an ideal blend of country village charm and excellent accessibility, just 17 miles South of London.
This property has an exclusive Kingswood Warren location, whilst being just a few minutes walk from the village with its commuter rail services to London, local shopping and the Kingswood Arms gastro-pub. For more diverse shopping and supermarkets, Reigate, Epsom and Banstead Village are all within a few minutes drive and the A217 provides an arterial route to London. Nearby, the M25 motorway at Reigate Hill (J8) gives swift access to Heathrow and Gatwick Airports, the coastal ports and Channel tunnel.
Some of Surreys finest schools are available locally including Epsom College, Reigate Grammar, City of London Freemans, Dunnotar, Chinthurst and Banstead Prep. Some schools run a private bus service from the area.
High on the Surrey Hills, the area has venues for almost every conceivable sport, leisure and cultural pursuit including Kingswoods two golf clubs and tennis club, the RAC Woodcote Park Golf and Country Club, Epsom Racecourse as well as abundant open countryside for walking, cycling and horse-riding and many pubs, restaurants, local theatre and cinema.
Currently arranged as two apartments, this substantial detached house comprises: -
Ground Floor:
Entrance Hall Sitting Room Dining Room Kitchen Utility Room Laundry
3 Bedrooms, 2 Bathrooms and Shower Room including one ensuite
First Floor:
Entrance Hall Sitting Room Dining Room Family Room Kitchen
3 Bedrooms, Bathrooms and Shower Room
Outside:
Detached Double Garage Around 90 Frontage Some 100 x 80 Rear Garden
In all, around 0.4 Acre
Tenure: Both apartments held as Leasehold but entire Freehold is included
Local Authority: Reigate and Banstead Borough Council
Council Tax Band: Apartment 1: G Apartment 2: G
Broadband: Full Fibre Broadband available Services: All mains services are connected
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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