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Knights Templar Way, Rochester, Kent
£425,000
Bedrooms
Bathrooms
Reception
With the current owner living in the property for just over 50 years, its now time for a new family to take up residence in Flowerhill Way and enjoy this wonderful home. Having been well looked after and improved over the years, all that remains is for you to put your own stamp on and decorate as you see fit.
The porch addition on the front of the house is home to an ever handy downstairs WC, leaving a nice wide Hallway beyond with plenty of room for storage. Into the long lounge/diner boasting multi-fuel burner for cozy winter nights or out to the conservatory extension to enjoy the warmer weather. Built across the whole of the back of the house with a shaded roof to make the most of the south facing rear garden, this conservatory will keep you warm in the winter and not too hot in the summer. The modern kitchen with granite work surfaces, eye level double oven with gas hob and deep butler sink offers plenty of work surface and storage space and with the addition of Lean-to utility room via the car port, you can keep the noisy appliances out of the kitchen.
Upstairs you will find the bathroom with walk-in shower cubicle as well as 3/4 length bath for bathing the kids. There are two double bedrooms, with the master having a large range of built-in storage and a smaller third bedroom.
Outside to front and rear are well maintained pretty gardens with a wonderful Magnolia tree in the front garden to identify your house to your friends with! The driveway and car port provide ample parking or indeed space to build a garage should you desire!
Sold with no forward chain.
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.
Knights Templar Way, Rochester, Kent
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