5 bedroom detached for sale

£1,600,000

5

Bedrooms

4

Bathrooms

Floorplan

Rarely available is this beautifully presented five bedroom, four bathroom detached home in a private gated close of only six houses. Built by the reputable builder Cordae Portland in 2011. Offering over 4000sqft of accommodation, situated in one of Bickleys most desirable residential locations approximately 0.5 miles to both Bickley and Chislehurst stations with direct train access to London Victoria, Blackfriars, Charing Cross, Cannon Street and London Bridge.

Living accommodation comprises a bright and spacious hallway flooded with natural light, double doors, leading to a spacious living room, a second reception room, open plan kitchen/dining/living room with modern floor to ceiling glass garden room. There is also a utility room, double garage and W/C. To the first floor there are four bedrooms all with built in wardrobes, two with ensuites and a family bathroom. To the second floor there is a fifth bedroom with bathroom. Further benefits include a single storey extension where you will find a bar, leisure and entertaining space and ample parking spaces.

'''All services/appliances have not and will not be tested'''

EPC: C
COUNCIL TAX - H
Construction - Traditional
Mains Services -
Heating System -
Broadband
Mobile coverage -
Restrictive covenants


Five bedroom, four bathroom detached home
Spacious living room, second reception room
Open plan kitchen/dining/living room
Utility room, double garage, W/C
Two ensuites, family bathroom
Extension - bar, leisure, entertaining space
Private gated close, ample parking spaces

Mortgage Calculator

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 )

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

£ 1345950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 40000
  • 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

£ 145950
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    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

£

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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