2 bedroom cottage for sale

£675,000

2

Bedrooms

1

Bathrooms

Floorplan

Tudors are pleased to offer for sale this charming, two double bedroom, Victorian home, with the benefit of a stunning rear extension with newly installed kitchen with roof lanterns and bi-fold doors opening onto a pretty courtyard garden. The property has been significantly updated to a high specification throughout with a brand new bathroom being recently moved to upstairs. Located in the heart of East Molesey village, within easy reach of the village high street shops, restaurants, cafes and bars along with both The Orchard and St. Lawrence Primary Schools. The property is ideal for the London commuter as it is within a short walk from Hampton Court Station, Oyster Card - Zone 6.

This character property offers elegance and charm throughout with a bright and wide living/dining room with fireplace and plantation shutters, which opens onto a stunning rear kitchen extension with the benefit of roof lantern and bi-fold doors which floods the room with an abundance of natural light. The kitchen has many eye/base level units/cupboards with a superb centre piece breakfast island along with integrated appliances including: induction hob, oven and fridge/freezer.

Newly fitted staircase with built in cupboards lead up to a landing with loft space and access to two double bedrooms (master bedroom with built in wardrobes) and a newly installed bathroom with matching white suite with bath and shower cubicle.

Externally, the rear garden is a pretty courtyard garden which is mainly paved with painted white walls, new fencing and raised planting area with mature plants. Other benefits include: sash windows, gas central heating with inkeeping Victorian radiators. (EPC Rating = ) Elmbridge borough Council = E.

Other information: The property is located close to Neilsons recreational park where you can enjoy an afternoon stroll with the River Mole being close by. Bus routes connect Hampton Court (with Hampton Court Palace and Bush Royal Park with over 100 acres), Kingston (with comprehensive shopping), Walton on Thames and Hersham village. Nearby there are many sporting facilities in the area including; East Molesey cricket club, Molesey Rowing club, Molesey sailing club, Molesey football club, Hurst swimming Pool and the Pavilion sports club with swimming pool and Tennis Courts.

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

£
£
£
£

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

Mortgage Required

£ 559575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 16875
  • 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

£ 53325
  • 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.

£

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

£
  • 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

£

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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