4 bedroom detached for sale

£1,300,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

''GUIDE PRICE 1,300,000- 1,350,000''

Situated on one of Petts Wood Easts most desirable and convenient roads this attractive four bedroom detached character house offers an abundance of charm. This family home has been well maintained by the current owners over the years they have lived in the property.

The property comprises of welcoming entrance hall, guest cloakroom, formal lounge with feature fireplace separate dining room overlooking the well-stocked rear garden, kitchen breakfast room that leads out to the patio area.

Moving upstairs you will find four DOUBLE bedrooms with and three benefitting from built in wardrobes. You will also find the family bathroom upstairs and a separate shower room.

Outside the garden is secluded being surrounded by mature trees and shrubs. the garden is larger than the average garden on the road expanding into a wooded area which is fantastic for young children. To the front there is off street parking for several cars. you also have access to two garages from the front and the rear.

Birchwood Road offers the convenience of the mainline station being only 0.2 of a mile away with regular train services serving Charing Cross, Cannon Street & Victoria as well as the many fine restaurants and shopping facilities within Petts Wood square.

EPC: D
COUNCIL TAX - TBA
Construction - Traditional
Mains Services - Electricity, Gas, Sewerage and water - Metered supply. Shared sewage and water with 115.
Heating System - Combi boiler, gas radiators
Broadband - BT1000/923 mbps
Mobile coverage -
Restrictive covenants - Not confirmed

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

£ 1081450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 32500
  • 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

£ 106450
  • 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

Adjust these figures

  %
  %
£
  %

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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