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£685,000 Guide Price
Bedrooms
Bathrooms
''' DOUBLE FRONTED, SEMI DETACHED HOME WITH LOTS OF CHARACTER, SITUATED ON THE REDHILL/REIGATE BORDERS '''
This generous period property is situated in a popular road just moments from local shops, and a short walk to Redhills bustling town centre.
To the front there is off road parking, a low maintenance garden, walled boundaries and a side access gate. Beyond the storm porch, and through the front door you have an entrance hall, to the right there is a reception room with a sash window to the front. At the end of the hall is a cloakroom, and off to the left you have a bright, open plan lounge and dining space, with a sash bay window to the front. At the rear of the house there is a fitted kitchen, with window to the side and double doors opening to the garden. On the first floor is a split level landing, three good size bedrooms and a family bathroom. Up on the top floor you have a double bedroom, which has a Velux window to the rear, and an en-suite cloakroom.
To the rear is a low maintenance garden that has a timber shed and workshop, with an additional, secluded seating area.
A parade of local shops, including food outlets, can be found on Raffles Bridge. Redhill town centre is just half a mile away, and offers an extensive range of amenities, including superb transport links into London, a newly opened, multi screen cinema complex, high street shopping and a shopping centre. Reigates historic market town can found a little over a mile away, and benefits from some highly regarded restaurants and a great selection of pubs and bars.
Room Dimensions: -
Entrance Hall - 4.62m x 1.02m (152 x 34) -
Cloakroom - 2.24m x 1.96m (74 x 65) -
Lounge/Dining Room - 8.41m x 3.53m (277 x 117) -
Kitchen - 3.86m x 2.41m (128 x 711) -
Study/Playroom - 4.47m x 3.43m (148 x 113) -
First Floor -
Landing -
Bedroom One - 6.07m x 3.53m (1911 x 117) -
Ensuite Wc - 1.98m x 1.55m (66 x 51) -
Bedroom Two - 3.73m x 3.61m (123 x 1110) -
Bedroom Three - 3.61m x 3.56m (1110 x 118) -
Bedroom Four - 3.86m x 2.03m (128 x 68) -
Bathroom - 3.56m x 2.84m (118 x 94) -
Gas Central Heating -
Sash Windows -
40Ft Rear Garden -
Off Road Parking -
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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