4 bedroom detached for sale

£1,150,000

4

Bedrooms

3

Bathrooms

Floorplan

This fabulous four bedroom detached house is immaculately presented throughout, and finished to a high specification.

The property is located in the heart of Chipstead, within easy reach of The Meads and open countryside via numerous public footpaths. Local shops can be found on the parade by Chipstead train station, with a more comprehensive range of shopping and leisure facilities being found in Banstead village or Coulsdon.

Once inside the contemporary finish and owners attention to detail is very apparent.

Internally the ground floor accommodation comprises; a welcoming hallway, large double aspect sitting room with attractive feature fireplace and wood burner, french doors leading into the conservatory to the rear which has a lovely view of the garden, a high specification modern fitted kitchen/dining room with central island and a range of integrated appliances, an adjacent utility room, separate family room, and downstairs WC. In addition, there is a downstairs guest bedroom and newly installed shower room with underfloor heating.

Upstairs continues to impress. A turning staircase leads to the first floor which has a principal bedroom with a beautifully finished ensuite bathroom, two further generous double bedrooms, and a well-appointed bathroom. Both the principal and second bedrooms have air conditioning. The property also benefits from underfloor heating in the kitchen/dining room ,utility room, and bathrooms.

Outside, the property has an attractive frontage with a driveway providing parking for several cars, and a front lawn with mature hedge borders. The secluded and tranquil rear garden is bordered by tall hedges which gives it privacy and security. There is a large lawned area, patio adjoining the house, and a new delightful Gazebo with power, lighting and a heater which is ideal for entertaining.

All in all this detached house with its fabulous garden makes an ideal family home.

The area is surrounded by some of Surreys finest open green belt countryside, where fine walks and sporting pursuits such as golf and horse riding can be enjoyed. Chipstead Tennis Club and both Chipstead and Kingswood Golf Clubs are close by. The A23 is readily accessible providing an easy route to the Hooley interchange, the M25 and Gatwick. Coulsdon South and Chipstead stations offer a frequent service into London Victoria in around 30 minutes.

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

£ 950200

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
    £ 28750
  • 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

£ 87700
  • 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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