4 bedroom detached for sale

£950,000

4

Bedrooms

2

Bathrooms

Floorplan

This well-presented four bedroom detached house occupies a large plot of over a third of an acre, backing onto open greenbelt countryside.

This house and plot offers excellent scope for significant extension, subject to the usual planning consents. The property is conveniently located within a 10-minute walk of Chipstead Station, which provides direct services to London Bridge in 44 minutes. Services to London Victoria, and Gatwick are available from Coulsdon South station, which is within a 10-minute drive. Well-regarded schools including Chipstead Valley Primary, local shops including a new Tesco Express, excellent country pubs including The Ramblers Rest and The Woodman, and other amenities are close by.

Banstead High Street offers a more comprehensive selection of restaurants and shops, including Waitrose Supermarket and Marks & Spencer Simply Food.

Situated in this popular tree lined road, this well-proportioned family sized home offers bright and spacious accommodation, with a neutral decor and oak flooring throughout.

The ground floor comprises; a welcoming entrance hall, a front reception room with a large bay window and limestone fireplace, a second sitting or dining room, a modern fitted kitchen with some integrated appliances and ample space for a table and chairs, a superb conservatory which affords a lovely view of the rear garden, and a useful downstairs cloakroom.

A turning staircase leads up to the first floor, with the principal bedroom benefiting a view across the garden and an en suite shower room. The three remaining bedrooms are all doubles, and are served by a well-appointed family bathroom with a bath and shower over.

To the side of the house, there is a large 2-room detached brick outbuilding, with electricity and double-glazing, providing a double garage with an inspection pit and a workshop, which could be put to a variety of other uses, such as a home office or a gym, or incorporated into the main dwelling to provide extra living accommodation.

The west facing wildlife garden, which is a special feature of this property, contains a number of seating areas, including a gazebo and a treehouse, and benefits from a productive orchard, a greenhouse, composting, and rainwater harvesting, and a number of wildlife-friendly features, including ponds, wildflower meadows and areas of woodland. The garden benefits from direct access to Greenbelt countryside, where there are miles of glorious walks to be enjoyed in all seasons.

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

£ 775200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 23750
  • 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

£ 62700
  • 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

Adjust these figures

  %

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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