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£800,000
Bedrooms
Bathrooms
''' EXCELLENT FAMILY HOME IN A SOUGHT AFTER LOCATION, CLOSE TO SUPERB SCHOOLS WITH NO ONWARD CHAIN '''
This 1960s built, detached house offers great space and is in one of the most requested roads in the area.
Through the front door there is an entrance porch with a built in storage area, beyond you will find a bright, open plan living/dining space, that has large windows to the front. Off the living space there is a separate kitchen, which overlooks the garden and has a side door. The property has an inner hallway, with a cloakroom and stairs to the first floor, in addition a separate study, which has a partly glazed roof and direct access to the garden. Upstairs there is a landing with loft access, four bedrooms, a family bathroom and an ensuite shower room to the spacious principal bedroom.
Outside you have a driveway for two cars, as well as some front garden and an up and over door to the generous, tandem garage which will comfortably accommodate another couple of cars, and also has a pedestrian door to the rear. There is a tiered rear garden, which measures approximately 50ft x 50ft, and has both patio and lawn areas.
In addition, there is a rear gate giving direct access to a swimming pool which is used by 14 residents within Carlton Road and Downswood. An application to become a member of the Pool Association together with payment of an annual subscription is required.
Nearby you have the highly regarded schools St Bedes and Royal Alexandra and Albert. There are some beautiful walks nearby, with paths leading all the way up to Reigate Hill. In addition, you are within easy reach of Reigate and Redhill town centres, both of which offer extensive shopping facilities, restaurants, leisure activities and superb transport links to central London, Guildford, Gatwick and the south coast.
Room Dimensions: -
Entrance Porch - 2.11m x 1.60m (611 x 53) -
Lounge/Dining Room - 9.09m x 4.67m (2910 x 154) -
Inner Hallway - 1.75m x 1.27m (59 x 42) -
Kitchen - 4.22m x 2.59m (1310 x 86) -
Study - 4.22m x 2.84m (1310 x 94) -
Cloakroom - 2.01m x 1.75m (67 x 59) -
First Floor -
Landing -
Bedroom One - 4.29m x 3.30m (141 x 1010) -
Ensuite Shower Room - 2.03m x 1.65m (68 x 55) -
Bedroom Two - 3.66m x 3.30m (120 x 1010) -
Bedroom Three - 2.72m x 2.62m (811 x 87) -
Bedroom Four - 3.30m x 1.91m (1010 x 63) -
Family Bathroom - 2.11m x 1.65m (611 x 55) -
Gas Central Heating -
Double Glazed Windows -
Rear Garden -
Tandem Garage -
Off Road Parking For Two Cars -
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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