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100 High Street, Banstead, Surrey
£400,000 Offers in excess of
Bedrooms
Bathrooms
An immaculate two bedroom second floor split level apartment, that has been sympathetically refurbished throughout.
Conveniently situated in a quiet development this purpose built first floor apartment offers well planned accommodation over two floors, with under floor heating throughout.
Once inside, the generous amount of living space is apparent. The open plan living/dining room with its polished wood flooring has direct access to your own balcony which affords a lovely view of the communal gardens. There is a well-appointed modern fitted kitchen adjacent to the dining area, with a full range of integrated appliances.
The upstairs provides a principal bedroom with built in wardrobes, a second double bedroom, and a modern bathroom with separate second WC.
A useful and lockable storage cupboard measuring 12 x 118' can be found adjacent to the covered parking space (car port).
The property would suit a range of buyers and must be viewed to be appreciated.
Banstead High Street with its excellent blend of local and national retailers, cafes and restaurants is within walking distance. Frequent bus services are available and provide access to neighbouring towns including Epsom, Sutton, and Reigate. The Lady Neville Recreation Ground with its park caf is close by, as are Banstead Downs and Cuddington Golf Courses.
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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