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£375,000 Guide Price
Bedrooms
Bathrooms
Set in a peaceful yet central position just to the South of Epsom Town Centre, this unique and interesting apartment must be viewed first hand to be fully appreciated.
Offering two good sized bedrooms and featuring its own private garden with a gate to the rear and an allocated parking space. This flat would ideally suit commuters or someone looking for a character property in a practical position due to its proximity to Epsoms mainline rail links.
Worple Road is a peaceful, tree-lined avenue offering a range of properties, from large detached homes to conversion apartments and it is within a short distance away from Rosebery Park and Epsom High Street.
Viewing is strongly advised to fully appreciate the properties wonderful position and great feel throughout.
Entered via its own private front door with a door to the spacious living room boasting a high ceiling with ornate coved cornice and ceiling rose, a superb marble fireplace, and double doors which lead to the kitchen. Tastefully decorated with a vaulted ceiling featuring roof windows and double doors overlooking the attractive South/Easterly facing courtyard garden, the property must be seen.
From the entrance lobby there is also a door to an inner hallway which leads onto the master bedroom with ornate cornice and a character marble fireplace. This room also benefits from a bay window and exposed wooden floors. The second bedroom, which can still house a double bed, also enjoys a high ceiling and wooden floors. The separate bathroom is of a modern style and incorporates a shower over the bath.
Ground floor garden apartments in Worple Road are rarely available, especially within this price point and as such we are advising that you lodge your immediate interest.
Epsom High Street has a variety of shops, the Ashley Centre - a covered shopping mall and Epsom Playhouse which offers a wide range of entertainment, including films and concerts. The Rainbow Leisure Centre & David Lloyd Centre feature pool, gym and other sports facilities. There is also a wide variety of cafs, restaurants and pubs available locally.
Epsom is a popular commuter town, located to the south west of London and offers a good mix of state and independent schools for all age groups. Also close by is Epsom Downs, the home of The Derby. The M25 (Junction 9) is a short drive away giving access to both Heathrow and Gatwick international airports.
Tenure - Leasehold
Length of lease (years remaining) - 113
Annual ground rent amount () - 600.00
Annual service charge amount () - 2900.00
Council tax band - C
PLEASE NOTE: Whilst we believe the information above to be correct, we are unable to guarantee this information until such time as we have formally verified it with the sellers. Therefore you are advised to clarify any information with your chosen legal representative before proceeding with the purchase of 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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