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£750,000
Bedrooms
Bathrooms
''' DETACHED FAMILY HOME WITH A DRIVEWAY AND A LOVELY WEST FACING GARDEN '''
Built in the 1950s, this detached home has been in the family for 48 years and has been a wonderful home for the current owners.
Offered to the market with no onward chain, this is an excellent opportunity as the property offers lots of potential.
Through the front door there is an entrance hall with storage beneath the stairs. You have a spacious, lounge/dining room, which has a bay window to the front and access to both the kitchen and conservatory. The kitchen has been extended to offer a kitchen/breakfast space, at the rear there is a large timber conservatory, measure 26ft in width, and benefitting from a separate utility and WC area, as well as double doors to the rear garden and a side door.
On the first floor there is a landing with a window to the side and loft access. There are two large double bedrooms, with the principal bedroom benefitting from a balcony and fitted wardrobes. Bedroom three is large single bedroom with built in storage. You also have a modern shower room, with a separate WC.
Outside there is a block paved, gated driveway to the front, which will accommodate several cars and has a garden area also. A side access connects to the beautifully maintained, and mature, west facing rear garden, that has an impressive timber workshop and a greenhouse.
Nearby there are bus stops for the 405 route, which connects to Redhill and Croydon town centre. There is a local shop on Monson Road, as well as a 24 hour petrol station within a short walk. he north side if Redhill also benefits from being within easy reach of some excellent schools, including the Royal Alexander and Albert, St Bedes and Wray Common.
Redhill town centre can be found under a mile to the South, and offers a wide range of shopping facilities, a regular local market, 24 hour gym, Sainsburys superstore and a modern, multi screen cinema complex. In addition, there are mainline trains to central London.
Room Dimensions: -
Entrance Hall - 3.89m x 1.98m (129 x 66) -
Cloakroom & Utility - 2.13m x 0.97m (70 x 32) -
Lounge/Dining Room - 7.67m x 4.17m (252 x 138) -
Kitchen/Breakfast Room - 5.21m x 3.66m (171 x 120) -
Conservatory - 8.08m x 3.38m (266 x 111) -
First Floor -
Landing -
Bedroom One - 3.76m x 3.15m+wardrobes (124 x 104+wardrobes) -
Bedroom Two - 3.81m x 3.78m (126 x 125) -
Bedroom Three - 2.44m(max) x 2.39m (80(max) x 710) -
Shower Room - 2.36m x 1.78m (79 x 510) -
Separate Wc - 1.47m x 0.84m (410 x 29) -
Gas Central Heating -
Double Glazed Windows -
Garage - 4.78m x 2.74m (158 x 90) -
Driveway With Parking For 3/4 Cars -
Lovely Rear Garden -
Map location is not available for this property.
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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