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£450,000
Bedrooms
Bathrooms
''' WELL PRESENTED AND SPACIOUS 1930S BUILT HOUSE, IN A POPULAR LOCATION CLOSE TO PUBLIC TRANSPORT '''
This bay fronted, terraced house is situated in a popular residential street to the south of Redhill, within easy reach of local shops, schools and some lovely public green spaces.
Through the front door there is a generous entrance hall with storage under the stairs, a WC and a very handy utility room. To the front of the house is living room with a double glazed bay window. You have a separate fitted kitchen complete with underfloor heating, and a dining room which has double doors to the rear garden. Upstairs there is a landing with loft access, two spacious double bedrooms, a good size single bedroom, and a well appointed shower room with under floor heating and automatic sensor lighting.
Outside there is a private driveway offering off road parking, and you have a covered side access. The rear garden is good size, measuring around 70ft, and has a patio area abutting the house, an Astroturf space and a raised deck to the rear. In addition, there is a large outbuilding at the foot of the garden, which benefits from power and light.
Nearby there are a selection of local shops, including some food outlets and a Little Waitrose within the Shell petrol garage.
Room Dimensions: -
Entrance Hall - 4.95m x 1.70m (163 x 57) -
Cloakroom - 0.99m(max) x 0.91m (33(max) x 30) -
Lounge - 3.63m x 3.38m (1111 x 111) -
Dining Room - 3.66m x 3.56m (120 x 118) -
Kitchen - 3.02m x 3.00m (911 x 910) -
Utility Room - 2.08m x 1.40m (610 x 47) -
First Floor -
Landing -
Bedroom One - 3.78m(max) 3.18m(min) x 3.45m (125(max) 105(min) -
Bedroom Two - 3.43m x 3.05m (113 x 100) -
Bedroom Three - 2.26m x 2.26m (75 x 75) -
Shower Room - 2.21m x 1.60m (73 x 53) -
Gas Central Heating -
Double Glazed Windows -
70Ft 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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