Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
5 Saffron Central Square, Wellesley Road, Croydon Surrey
£575,000
Bedrooms
Bathrooms
Experience luxurious modern living across two spacious floors in this exceptional penthouse apartment. Nestled in a highly sought-after location, this home offers an impressive 30ft x 40ft private roof terrace, ideal for outdoor entertaining or simply enjoying panoramic views. Just a short walk from East Croydon station, the convenience of city access pairs perfectly with the peaceful atmosphere of this beautiful property. Highlights include two generous double bedrooms, a sleek open-plan layout, and a secure entry system. With lift access to all floors, this home ensures convenience at every level. Ideal for those seeking both style and location, this penthouse is an opportunity not to be missed.
The Maraschino apartmentsis part of the Morello project, a transformative initiative by Menta Redrow, a dynamic joint venture between Menta and Redrow Homes. This development forms an essential part of Croydons ongoing regeneration. Designed to bring sustainable, innovative residential spaces to East Croydon, The Maraschino apartments transforms what was previously an underutilized areas into a vibrant, integrated urban landscape. Menta has partnered with the London Borough of Croydon and key stakeholders over the past six years to turn this vision into reality, enhancing Croydons evolution into a modern 21st-century
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.
5 Saffron Central Square, Wellesley Road, Croydon Surrey
The Property has been saved to your favorites
/ 5
It's quick and easy
