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100 High Street, Banstead, Surrey
£950,000
Bedrooms
Bathrooms
This delightful detached bungalow occupies a lovely secluded plot, and offers four double bedrooms, with the potential to create an annexe.
The property is located in a quiet sought-after close just off Banstead Road, on the outskirts of Banstead village. Banstead railway station with its services into London is within walking distance. The village centre blends both national and local retailers including Waitrose, Marks & Spencer food store, restaurants and coffee shops. Both Sutton and Epsom with their larger town centres are nearby. The A217 gives access to the M25 (Jct.8) which is approximately 5 miles away.
The property itself offers just under 1800 sq/ft of versatile accommodation, and is well presented throughout, having been lovingly maintained by the current owner.
The living space in this extended detached bungalow briefly comprises; an entrance porch and hallway, a living room with an attractive feature fireplace, a dining room to the rear, with an adjacent family room and sun room which all have a view of the garden, a modern kitchen with white gloss units and some integrated appliances, a useful utility room, and WC.
The four double bedrooms are all a good size with fitted wardrobes in bedrooms 1 & 2, both served by a family size main bathroom. Bedrooms 3 & 4 are next to each other and this space in conjunction with the ensuite shower room could easily be converted into a separate annexe space, as there is a separate door to the side of the property.
Outside, to the front, the property benefits from a private driveway with ample space for several cars, and access to the detached garage, a well maintained lawn area and shrub and hedges.
The secluded rear garden is a delight, with its patio and seating areas, pond feature, large lawn with mature hedge borders, as well as a useful shed.
All in all a lovely property in a quiet cul de sac location.
There are a wide selection of sporting facilities and golf clubs in the vicinity, including the prestigious Cuddington Golf Club, together with a number of reputable schools for all age groups.
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.
100 High Street, Banstead, Surrey
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