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£1,000,000
Bedrooms
Bathrooms
''' SPACIOUS DETACHED HOME IN A GATED CUL DE SAC, ON A CORNER PLOT WITH A DOUBLE GARAGE '''
Built in the early 2000s, this spacious, double fronted house offers generous accommodation, arranged over three floors and is located within the prestigious Royal Earlswood Park development.
On the ground floor you have an entrance hallway with storage under the stairs and a WC. There is a study or dining room with a bay window to the front, a 25ft living room with garden access, and an extended kitchen/dining space which also benefits from garden access. On the first floor you have two generous double bedrooms, both of which have en-suite facilities. In addition there is a further bedroom and a family bathroom. Up on the top floor there are two very impressive, triple aspect bedrooms and a shower room.
Outside there is a formal front garden with a path to the front door and a gate to the side. The garden is a well established, corner plot, that has a sunny spot all day. There are two large patio areas, one of which is raised and has a pedestrian door that opens to the detached double garage, which itself has two up and over doors to the front, power and light. In addition there is a large timber workshop and a timber shed.
Royal Earlswood Park is a highly sought after development that has 21 acres of well kept grounds, as well as a gym and swimming pool for residents use only.
There is a footpath that leads through to Earlswood train station, making commuting to London or hopping on a train to Gatwick extremely simple.
Redhill town centre, with its wide range of shops and amenities, can be found a little over a mile to the North. There you have a regular local market, a multi screen cinema complex, the Belfry shopping centre, a Sainsburys superstore and additional rail services from Redhill station.
Room Dimensions: -
Entrance Hall - 4.65m x 2.03m (153 x 68) -
Cloakroom - 1.57m x 0.94m (52 x 31) -
Lounge - 6.55m+bay(7.67mmax) x 3.51m (216+bay(252max) x 1 -
Study - 3.25m x 3.00m+bay (3.94mmax) (108 x 910+bay (12 -
Kitchen/Dining Room - 6.35m x 4.19m (2010 x 139) -
First Floor Landing - 3.20m x 2.01m (106 x 67) -
Bedroom One - 4.75m x 3.25m (157 x 108) -
Four Piece Ensuite Bathroom - 3.25m x 1.68m (108 x 56) -
Bedroom Two - 3.84m x 3.51m (127 x 116) -
Ensuite Shower Room - 1.91m x 1.45m (63 x 49) -
Bedroom Five - 2.79m x 2.62m (92 x 87) -
Second Floor Landing -
Bedroom Three - 4.95m x 3.30m (163 x 1010) -
Bedroom Four - 4.95m x 3.58m (163 x 119) -
Shower Room - 2.03m x 1.68m (68 x 56) -
Gas Central Heating -
Double Glazed Windows -
Rear Garden -
Garage - 5.28m x 5.11m (174 x 169) -
Off Road Parking For Two Cars -
Estate Charge: 1,500 Per Annum (Approx) -
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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