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£625,000 Offers in excess of
Bedrooms
Bathrooms
A generously proportioned four-bedroom detached house, situated opposite Manor Park in Caterham Valley and offering superb space for a family. The ground floor accommodation is accessible from an entrance hall and provides a large lounge, separate dining room and a modern fitted kitchen, as well as a downstairs WC and washroom. The first floor provides four double bedrooms and a family bathroom. Presented in good order throughout but with scope for the incoming purchaser to put their own stamp on it to their own personal taste. The property comes with double glazing throughout. At the rear of the property there is a patio area which leads down to the East facing garden which is in excess of 80 foot, has an abundance of mature shrubs and fruit trees providing an open vista to the countryside beyond with extensive views. There is a garage, carport and driveway providing off street parking for 4/5 cars. The property is situated in Burntwood Lane, being a most desirable and popular residential location and close to the nearby deStafford and Mardon Lodge schools. Whyteleafe and Warlingham schools are readily accessible. Caterham town centre is approximately a mile away with its shops, supermarkets ( Waitrose, Morrisons and Lidl) and Church Walk precinct. There are also two railway stations Whyteleafe South around 15 minutes walk and Upper Warlingham around 30 mins walk, providing regular commuter services to Croydon and London. There is also easy access to the M25 at junction 6.
ACCOMMODATION:
Double glazed front door and windows to side to:
ENTRANCE HALL: radiator, coved ceiling, stairs to first floor
LOUNGE: 3.62M X 5.63M (1111 X 186) radiator, tv point, coved ceiling, open fire, double opening door through to dining room,, double glazed window to front.
DINING ROOM: 3.56M X 3.6 (119 X 1110) coved ceiling, radiator, tall window to side.
KITCHEN: 3.01 X 3.59 (910 X 119) modern fitted kitchen housing sink unit, washing machine, fridge, dishwasher, gas boiler, five double socket points and ample storage cupboards
DOWNSTAIRS WC: low-level WC, hand mounted wash hand basin, double glazed window to rear
LANDING: radiator, airing cupboard housing hot water cylinder, frosted double glazed window to side.
BEDROOM 1 : 3.62M X 3.14M (1111 X 104) radiator, built in wardrobe, double glazed window to front
BEDROOM 2 : 3.01M X 3.3M ( 910 X 11) radiator, double glazed window to rear
BEDROOM 3: 2.54M X 3.55M (9.10 X 11.8) built in wardrobe, radiator double glazed window to front
BEDROOM 4: 3.02M X 2.43M (11.11 X 8) built in wardrobe, radiator, double glazed window to side
BATHROOM: low level wc, pedestal wash hand basin, bath with shower attachment, fully tiled walls, frosted double glazed window to rear
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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