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£875,000 Offers in excess of
Bedrooms
Bathrooms
Situated within walking distance of Darrick Wood Schools and Locksbottom is this spacious four bedroom chalet-style detached house on a desirable, quiet residential road of just nine houses, where properties rarely come to the market.
The ground floor of the property comprises a larger than usual living room with an office space and a separate dining room directly off it. You will also find a good size kitchen with built-in appliances, two double bedrooms, a reception room, and a downstairs bathroom.
The first floor boasts two further double bedrooms, both with built-in storage, and the family bathroom.
Externally, the property offers a large driveway, suitable for multiple vehicles, a detached garage, a store, and a large, beautifully maintained rear garden with plenty of mature plants and a patio areaideal for outdoor entertaining.
Location-wise, Pilkington Road is perfectly positioned for commuters, being just 0.9 miles from Orpington Station, which provides fast trains into all mainline London stations. There are a number of well-regarded local schools such as Darrick Wood School (0.4 miles) and Newstead Wood School (0.4 miles).
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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