Posts Tagged ‘Relocating to Surrey’

Available from January 2017, an excellent sized family home in a hugely desirable area.

SurreyLets are pleased to bring back  to the rental market a property that has been lovingly updated and modernised by its owners.  The property  is a  generously sized family home that is situated within walking distance of Horsley train station and local shops as well as being within the catchment area of outstanding local state schools and a plethora of independent schools.East and West Horsley are sought after desirable areas for families relocating from overseas.  Its the perfect location for the international schools: The ACS in Cobham and the ISL in  Woking and the Horsley’s are situated just a mere 47 minutes from the heart of London City. Furthermore within an hour you can access Gatwick or Heathrow Airport.  Above all it is for convenience, The Horsley’s are surrounded by stunning greenbelt countryside offering a plethora of parks, common land and areas of outstanding natural beauty to explore . Locals who live here do so for the outstanding state schools, The Raleigh Primary School and The Howard of Effingham School both  on the doorstep.  Those looking at private schooling have Glenesk , Cranmore School and St Teresa’s. For more about the delight’s and benefits of Horsley living, read here.

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This property is a charming family home filled with original features, generous room sizes and has recently been modernised to a high standard throughout. The property is approached by a sweeping gravel driveway with plenty of parking. It benefits from far reaching views to the front overlooking this semi-rural area and beautiful gardens to the rear.

The accommodation comprises of: A Modern fitted kitchen that is open plan to a dining area and snug. The Kitchen boasts a full array of appliances including an Aga Rangemaster oven, a Bosch American fridge freezer and dishwasher which are built into modern units and finished with granite work surfaces and double Belfast sink. The kitchen offers a central island that can be doubled as a table / breakfast bar. Additionally the kitchen leads to a dining area with tri-fold doors to the rear garden, this area comfortably seats more than 8 people. The dining area leads into the snug which is a versatile and comfortable living space which could have a variety of functions.

The main living room is a delightful, deceptively large family space with a feature fireplace, bay window seat and wooden floors throughout. The whole of this downstairs living accommodation can either be opened up to create one large room which offers a truly excellent entertaining space, or closed off to offer several independently spacious living spaces. The downstairs hall area offers an abundance of space which has been thoughtfully used to combine with a study and piano area. The W.C / downstairs shower room is located off the main reception hall.

To the side of the kitchen there is a contemporary extension which offers a playroom with french doors leading onto the rear garden, the Velux windows in the pitched roof creates a light, airy feel. This leads into a utility room housing the washing Bosh machine, dryer, sink, shelves and generous cupboard space. The garage is accessed internally from the utility room which is perfect for a small car or to house bikes etc.

Situated on the first floor, the property offers a spacious and bright master bedroom offering an abundance of internally fitted wardrobe space and beautiful views to the rear of the property from the Juliet balcony. Adjoining the master bedroom is a new, modern, en-suite fully tiled shower room with W.C. There are a further three generous double bedrooms and a spacious family bathroom also situated on this floor. Additionally the landing area offers an abundance of hidden storage.

The converted second floor offers a very generously sized double bedroom with a brand new modern bathroom including a free standing bath, separate shower, sink and w.c.

Externally the property has a beautiful private rear garden. A spacious patio with can accommodate substantial garden furniture, leads onto lawns edged by mature plants shrubs and trees. There is a sandpit and a designated play area currently housing a climbing frame, swings, trampoline and tree house. Additionally there is a palatial shed that is currently being used as another playroom. Beyond this the gardens continue to an outdoor shed, vegetable garden and orchard. An internal viewing is highly recommended

For more information regarding this property or renting a property in East or West Horsley, call Sally Asling, Lettings Director at SurreyLets for more information on 01483 282470

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What will the Base Rate cut do for Investor Landlords and the Rental Market in Surrey?

The Bank of England’s Base Rate cut effective August 2016 from 0.5% down to 0.25% is great news for those on tracker mortgages and those obtaining a mortgage, but  the rate cut is unwelcome news for holders of cash and those dependent on savings.

increased house prices

It could be argued that the only place to put your money is in property as the lack of rental properties  to the high demand has continually been responsible for rising rates still offering a good return on invesment by comparison to what the banks and building societies will offer you.

The reduction in base rate should translate into lower mortgage rates, as it becomes cheaper for banks to access funding for their home loans. As a result, financing an investment purchase should be cheaper. In turn, this means that investing in property will become an even more attractive proposition to a wider pool of prospective investors.

In addition, the base rate cut has caused the value of the pound to loosen. This has added to the appeal of British property to international investors, as they can now get more for their money. So landlords looking to take advantage of cheaper funding in order to add to their portfolios may find they face increased competition from overseas.

Why investing in property is still a popular option

However, irrespective of our status within the EU, the fundamentals of the property market remain strong. To put it simply, people need homes to live in and we just don’t have anywhere near enough of them. According to the House of Lords Select Committee on Economic Affairs, the UK needs to build 300,000 homes a year to meet demand and have a “moderating effect” on house prices. The reality barely taps on the door of these official targets. Industry estimates suggest we built around 170,000 homes in 2015/16.

That imbalance between supply and demand will continue to support house price rises and rental growth. As a result, it will still be hugely attractive to investors looking for a strong return on their money.

Locally News

The areas of East and West Horsley, Effingham, Bookham, Fetcham and all the villages between Leatherhead and Guildford are hugely popular destinations for those in the city to relocate to. Still maintaining excellent transport links to the city, the commuter belt is getting increasing popular due to its local independent and state schools, shopping and leisure facilities. Whilst we have to be careful not to overdevelop and ruin our country villages, purchasing a property to let in these areas is a wise investment as the popularity of this villages have been on an upward trend for a decade and shows no sign of stopping.

East and West Horsley, Effingham and Bookham have a huge demand for family homes with the most popular rental bracket being between £1650 – £2995 for a 3-4 bedroom family home. There is a 3 bedroom detached home on the market for £675K situated at Effingham Junction that would rent for a minimum £1800pcm giving just over 3% ROI. Within walking distance of Effingham Junction train station and  a few minutes drive to get on the A3 or M25. The property is ideally situated for feeder schools in Horsley and Effingham for the Howard of Effingham School. This would make a great investment.

 

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