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£800,000
Bedrooms
Bathrooms
''' SPACIOUS AND WELL PRESENTED FAMILY HOME, WITH A TANDEM GARAGE AND LOTS OF PARKING '''
This semi detached home, built in 1901, has been thoughtfully extended and refurbished in recent years, to offer generous living space and excellent storage.
To the front there is an ornate storm porch, beyond you have an entrance hall with built in storage and WC. There is a comfortable separate living room, with high ceilings and a large bay window to the front. To the rear of the house is a large, L shaped space, which comprises of a family seating area, dining space and a well appointed kitchen, with windows and doors out to the rear garden. Off the kitchen there is a utility room, which in turn has a door to a 33ft tandem garage, that has pedestrian doors front and rear, an electric up and over door to the front, and Velux window to the rear.
On the first floor there is a superb principal bedroom, with a dressing room and an en-suite shower room. You have three further bedrooms, a family bathroom, with a loft room, with Velux windows and ample eaves storage, accessed from fixed steps off the landing.
Outside you have ample parking for five or six cars to the front on the private driveway, which has a five bar gate and hedged boundaries. To the rear there is a 70ft garden, that is mostly laid to lawn, with a patio area and an additional patio at the foot of the garden.
Nearby you have the benefit of Merstham mainline train station, which offers direct services to central London, Gatwick and the south coast. In addition there are a number of local shops and a very popular Pizzeria within the parade near the station, as well as a several highly regarded schools within a few miles. You also have easy access to the 405 bus route, which connects to central Croydon and Redhill town.
Room Dimensions: -
Entrance Porch -
Entrance Hall - 3.23m x 1.73m (107 x 58) -
Cloakroom - 1.32m x 0.69m (44 x 23) -
Lounge - 4.01m x 3.30m + bay (132 x 1010 + bay) -
L-Shaped Kitchen/Dining/Family Room - 6.65m x 5.82m (2110 x 191) -
Utility Room - 2.57m x 1.91m (85 x 63) -
First Floor -
Landing -
Bedroom One - 4.24m x 3.40m (1311 x 112) -
Dressing Room - 2.64m x 1.65m (88 x 55) -
Ensuite Shower Room - 2.64m x 1.63m (88 x 54) -
Bedroom Two - 3.53m x 2.95m(min) (117 x 98(min)) -
Bedroom Three - 3.38m x 3.35m (111 x 110) -
Bedroom Four - 2.51m x 2.46m (83 x 81) -
Bathroom - 2.16m x 1.78m (71 x 510) -
Loft Room - 4.34m x 3.45m (143 x 114) -
Gas Central Heating -
Double Glazed Windows -
70Ft Rear Garden -
Tandem Garage - 10.19m x 3.86m (335 x 128) -
Driveway With Parking For 5/6 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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