4 bedroom detached for sale

£895,000

4

Bedrooms

Floorplan

A noted and much admired double fronted home situated in the very heart of the sought after village of St Margarets built in 2007, Approached via a gravel driveway through private gates leading into a very generous gravel area which would accommodate multiple cars, this stunning, individual home offers stylish accommodation arranged over three floors to include on the ground floor a triple aspect sitting room measuring 192 131 which has a feature fireplace, wood burning stove, ornate cornicing and a plethora of recessess.. A separate dining room measures 156 x 131 and has a coved ceiling together with recessed downlighters and a French door giving access to the rear garden. The kitchen measures 192 x 128 and has an extensive range of fitted units together with integrated Bosch appliances. Adjoining the kitchen is a delightful triple aspect garden room with vaulted ceiling and double opening French doors leading directly to the garden. Both the kitchen and garden room are fashionably connected with a matching tiled floor. The ground floor accommodation further includes a tiled shower room along with a handy utility room. From the first floor landing there are four double bedrooms, two of which have ensuite facilities together with a tiled family bathroom. To the second floor there is a generous attic room for an office or 5th bedroom which measures 336 x 108 with two Velux style windows to the rear along with stunning views to the South Foreland lighthouse and sea, there are very useful eaves storage cupboards. Approached via a gravel driveway Beech Tree House has colourful gardens, largely lawned gardens with colourful shrub borders in surround together with paved patio and mature laurel hedging.
Adjacent to The Old Chapel, St Margarets is renowned for its individual style of coastal properties, all designed to take advantage of the views and proximity to the English Channel. The village offers local shopping, Post Office, Doctors surgery, Newsagent/general store, Primary School and Church. The Bay itself is sheltered for bathing, fishing, sailing etc. The cliff top to either side of The Bay is mainly in the care of the National Trust and offers some delightful walks. There are golf courses at nearby Kingsdown and Deal with St Georges at Sandwich. The Cathedral City of Canterbury offers excellent shopping together with leisure interests, theatres and county cricket. Martin Mill Railway Station is nearby which is on the same line as the HS1 high speed link taking only 1 hour 15 minutes into London St. Pancras.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £3,870.58

Total Interest: £498,408.24

Overall Total: £1,393,408.24

Amortization For Monthly Payment: £3,870.58 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£28,376.50 £18,070.45 £876,929.55 
2026£27,789.68 £18,657.26 £858,272.30 
2027£27,183.82 £19,263.12 £839,009.17 
2028£26,558.28 £19,888.67 £819,120.51 
2029£25,912.42 £20,534.52 £798,585.99 
2030£25,245.59 £21,201.35 £777,384.64 
2031£24,557.11 £21,889.83 £755,494.81 
2032£23,846.27 £22,600.67 £732,894.14 
2033£23,112.35 £23,334.59 £709,559.54 
2034£22,354.59 £24,092.35 £685,467.19 
2035£21,572.23 £24,874.72 £660,592.48 
2036£20,764.46 £25,682.49 £634,909.99 
2037£19,930.46 £26,516.49 £608,393.51 
2038£19,069.37 £27,377.57 £581,015.94 
2039£18,180.33 £28,266.62 £552,749.32 
2040£17,262.41 £29,184.53 £523,564.79 
2041£16,314.68 £30,132.26 £493,432.53 
2042£15,336.18 £31,110.76 £462,321.77 
2043£14,325.91 £32,121.03 £430,200.73 
2044£13,282.82 £33,164.12 £397,036.62 
2045£12,205.87 £34,241.07 £362,795.54 
2046£11,093.94 £35,353.00 £327,442.54 
2047£9,945.90 £36,501.04 £290,941.50 
2048£8,760.58 £37,686.36 £253,255.14 
2049£7,536.77 £38,910.17 £214,344.98 
2050£6,273.22 £40,173.72 £174,171.26 
2051£4,968.64 £41,478.30 £132,692.96 
2052£3,621.70 £42,825.25 £89,867.71 
2053£2,231.01 £44,215.93 £45,651.78 
2054£795.16 £45,651.78 £0.00 

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

£ 728,575

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

34%

Annual Rental Profit

£ 48,957

Cumulative Rental Profit

£ 489,573

Cost of Purchase

£ 57,325
  • Stamp Duty
    £ 32,250

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

  • Refurbishment Budget
    £ 22,375
  • 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

£ 58,443
  • Mortgage Interest
    £ 32,786

    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)
    £ 14,177
  • Letting Fee
    £ 240
  • Maintenance
    £ 10,740
  • 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

£ 995,109
  • Final Equity Profit
    £ 505,536

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 489,573

    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

£ 1,457,861

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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