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£650,000 Guide Price
Bedrooms
Bathrooms
Set in a superb position at the entrance of a small cul de sac that is located on the periphery of the Epsom Downs, this impressive modern house was constructed by Shanly Homes in 2015 and should be viewed first hand to be fully appreciated.
Presented to the market in exceptionally good condition, this flexible and well designed home features two generously proportioned bedrooms, two bathrooms, a large kitchen/diner that is the heart of the home, a 19ft double aspect living room and a downstairs W.C.
There is a driveway at the rear with two parking spaces and a garage.
As mentioned, due to the age of the property it is still covered under the full NHBC warranty (which expires in 2025).
The house is perfect for a professional couple who can potentially grow into the home due to its numerous stand out features and exceptional position or even a discerning downsizer, who might require less rooms than they currently have without feeling like they are compromising on quality, size and location. In short, this fine modern home really does deliver on every level.
The outside space also works perfectly with a secluded and low maintenance rear garden that benefits from a direct South facing aspect, patio terrace and garden cabin/summer house too. From a practical sense there is a lockable gate, direct access to the garden from a side gate in the garden and a manicured private front garden to top it all off.
Downs Reach is a small, modern cul de sac that is accessed from Yew Tree Bottom Road and homes in this location are always popular, especially one as flexible and spacious as this.
Located within easy reach of local schools, local amenities, and the picturesque open spaces of Epsom Downs. Tattenham Corner and Epsom Downs stations are easily accessible and Banstead, Epsom, Ewell West and Ewell East stations are a short drive. The town of Epsom and Banstead Village are located close by and offer comprehensive shopping and leisure facilities, and transport links too.
Call to view.
Tenure - Freehold
Council tax band - E
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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