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£35,000
Offrering this private parcel of land within easy access of Coulsdon High Street, Woodcote Park Golf Club, Woodmansterne Station and the M23/M25 Road Connections. The land is unzoned and offers great capital gains potential. There are no physical roads currently as permission would need to be applied for.
If you have visited Coulsdon, its likely you have enjoyed one of the many wonderful cafes, or perhaps eaten at one or two of its favourable selection of restaurants. From lazy brunches at CyCo Cafe or dinner with friends at La Scarpetta there is something for everyone. Famous for its wide and long pavements, and its indoor cafe culture, from which it has become a tradition for many to enjoy the acclaimed London to Brighton rallies every year. As a result of Coulsdons proximity to London, benefiting from its two railway stations and its closeness to the M23 and M25, makes it a perfect commuter hub. For most, living in Coulsdon means that you are spoilt by the untouched surroundings of the beautiful Farthing Downs right on your doorstep. There are a good variety of local schools including Chipstead Primary School, St Aidans RC Primary School, Coulsdon C of E Primary School, Oasis Academy Secondary and Woodcote High School.
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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