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100 High Street, Banstead, Surrey
£1,475,000
Bedrooms
Bathrooms
This beautiful three bedroom detached house is located on a private gated road within the prestigious Webb Estate.
The Webb Estate, Purley, a residential conservation area, about 12 miles South of London. Originally farmland of around 260 acres, this secluded and exclusive area has retained its atmosphere of tranquility for over 100 years. It was conceived and constructed by William Webb who acquired the land in 1888.
Purley Station Town Centre is just over 1 mile away. Its close proximity to London makes Purley ideal for commuters the A23 road also heads right into the capital. The M25 and M23 are less than six miles away granting easy access to Gatwick and Heathrow airports. Otherwise, by train the town is on the main London-to-Brighton railway line. You can reach London Bridge within 25 mins or London Victoria in approximately 23 mins. The town centre has plenty of useful independent and high street shops, restaurants, cafes, pubs, gyms and supermarkets.
The area is renowned for many excellent state and private schools locally, which include Cumnor House School for Girls and Nursery that are both within a short walk, Cumnor House Boys School, the John Fisher School - a high performing Catholic all boys state school, Laleham Lea Primary School - a co-educational prep-school, Oakwood School - a co-educational Catholic primary and Riddlesdown Collegiate. Grammar and Independent schools include: Wallington Girls, Whitgift, Wilsons, Woodcote, Christchurch and Beaumont. Purley Sports Club is also close by.
Full of charm and character, offering flexible accommodation of approximately 2200 sq/ft, this three bedroom detached house has been lovingly cared for by the current owners. Red Cottage was built in 1905 and occupies a plot fronting Rose Walk, with Promenade De Verdun to the rear. The property does offer scope to extend subject to the normal planning consents.
Upon entering the property you are greeted with a bright and welcoming reception hall with an attractive inglenook style fireplace with wood burner, and the living space comprises; a large dual aspect living room with double doors leading into the conservatory which has underfloor heating and french doors opening into the garden, a large spacious kitchen breakfast room with an Aga, and an adjacent utility room which both have doors into the garden, a separate formal double aspect dining room, and a downstairs cloakroom.
Upstairs continues to impress. The principal bedroom benefits from a generous ensuite bathroom, with two further good size double bedrooms, which both have fitted wardrobes and are served by a well-appointed family shower room.
The fabulous secluded rear garden is a delight, with a patio, decking, and a choice of seating areas, lawn, and a selection of trees, shrubs, and mature hedge borders. All complimented by two useful garden sheds.
The converted garage is now used as a studio/home office, and is approached via Promenade De Verdun with off street parking. At the front of the property is brick boundary wall, with rose flower beds and steps up to the level lawned areas, and a pathway to the striking red front door.
All in all a superb cottage style house in a fantastic tranquil setting.
Council Tax - Band G
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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