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£525,000
Bedrooms
Bathrooms
''' THREE DOUBLE BEDROOM, END TERRACE HOUSE PRESENTED IN EXCELLENT CONDITION THROUGHOUT '''
Situated within easy reach of local shops and schools, as well as being less than a mile from Redhill centre and station, this well appointed, end of terrace home is a must see.
To the front there is an extended entrance hall, with a Velux window and a combined cloakroom and utility room, as well as a door to the integral garage. You have a spacious living room, with a built in cupboard under the stairs and bi-folding doors that lead through to a large kitchen/dining space, which in turn has direct access to the rear garden. On the first floor there is a landing with built in storage and loft access, a modern family bathroom, generous principal bedroom to the front and two further double bedrooms to the rear.
Outside there is off road parking to the front for two cars, to the side there is a private access. At the rear there is a 40ft, west facing garden, which has a patio area leading onto a lawn garden with fenced boundaries and a timber shed.
Frenches Road itself has two well stocked local shops, perfect for all those daily essentials. In addition, there is a Tesco express just around the corner on the Watercolour development. You are also only a short walk from the highly regarded Lime Tree primary school.
Redhills bustling town centre can be found 0.8 of a mile away, and offers a wide range of shops, a superb mainline train station, a Sainsburys superstore, new multi screen cinema and leisure complex, as well as a regular local market and a selection of pubs and restaurants.
Room Dimensions: -
Porch - 3.00m x 1.30m (910 x 43) -
Inner Hall - 2.44m x 1.70m (80 x 57) -
Cloakroom/Utilty -
Lounge - 5.16m x 3.91m (1611 x 1210) -
Kitchen/Dining Room - 5.16m x 2.77m (1611 x 91) -
First Floor -
Landing -
Bedroom One - 4.04m x 2.92m (133 x 97) -
Bedroom Two - 3.71m x 2.59m (122 x 86) -
Bedroom Three - 3.71m x 2.44m (122 x 80) -
Bathroom - 1.78m x 1.57m (510 x 52) -
Gas Central Heating -
Double Glazed Windows -
40Ft Rear Garden -
Garage - 5.11m x 2.51m (169 x 83) -
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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