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£1,250,000
Bedrooms
Bathrooms
Positioned on a large corner plot of Grosvenor Road, is this stunning four bedroom detached house.
Grosvenor Road is an ever popular, quiet residential, tree lined road located in Petts Wood East.
The ground floor of the property offers a large through reception/dining room which stretches the length of the property, offering an abundance of natural light, the large well equipped kitchen with integrated appliances and a downstairs WC. The ground floor also benefits from an integrated garage, which offers the possibility of being converted to double front the property. One of the standout features of the ground floor is the conservatory, which has been thoughtfully upgraded for year-round use, benefitting from an insulated roof and underfloor heating. This underfloor heating is one of five independently programmable heating zones throughout the property, allowing for efficient and customised comfort.
The first floor boasts a large principle bedroom with its own en-suite, two double bedrooms with stunning views over the rear garden, a fourth good sized bedroom, another WC and a separate family bathroom suite.
Externally the property offers another garage, this time detached, a large driveway large enough for multiple cars and a beautiful laid to lawn front garden. To the rear you will find the stunningly presented and well maintained rear garden, offering sunlight at all times of the day.
Location wise, the property is perfectly located for commuters, being just 0.7 miles from Petts Wood station and 0.7 miles from Orpington station. There are a number of well regarded local schools such as Perry Hall Primary (0.3 miles) and Crofton Schools (0.4 miles).
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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