2 bedroom detached for sale

£400,000

2

Bedrooms

1

Bathrooms

Opportunities like this one dont come around often whether youre downsizing or looking for a home that can grow with you, this property should be at the top of your viewing list. This gorgeous detached period cottage offers some wonderfully unexpected quirks from the moment you approach from the unusual box bay window to the kitchen with rounded bay above to the huge rear garden!

Step into the Entrance Hall and turn left through the saloon doors into the kitchen where modern has been married perfect with Period. The white country style kitchen has plenty of work surface and storage space, a pan rack suspended from the ceiling, modern gas oven and hob and fantastic Aga centre piece. The Aga isnt just for baking a Victoria Sponge or a huge Christmas feast, its also responsible for the whole houses hot water including the central heating. They say the kitchen is the heart of the home and you couldnt be any more right with this kitchen! Back into the Entrance Hall and straight over into the wonderfully light and bright lounge with feature fireplace and modern French doors to rear. Here is where this home could be extended to the rear to create something a little bigger should you require, however you wont have to worry about losing too much of your garden.

Upstairs you will find two double bedrooms both with built-in storage, a stunning blue feature fireplace and an en-suite shower to the master bedroom. The main bathroom completes the first floor.

Outside, the gravelled front garden provides off road parking for up to two cars, walk down the shared driveway and youll find the front door on the side of the house. The detached garage lies at the end of the drive and can be accessed with a vehicle. The rear garden tries to trick you with its narrow pathway before opening out into a much wider and well presented blank canvas for you to get green fingered with.

The seller advises that they are selling with no forward chain.

Nearest Stations:

0.9 miles
Gravesend
2.42 miles
Northfleet
2.46 miles
Tilbury Town
2.46 miles
Ebbsfleet International
3.02 miles
Meopham

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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 332700

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
    £ 10000
  • 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

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£

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

£ 32700
  • 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.

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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

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  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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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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