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£725,000
Bedrooms
Bathrooms
This impressive, extended family home is very well located and has much to offer. The spacious accommodation is sensibly arranged, featuring a large lounge, similar sized dining room and a breakfast room with a sociable open plan aspect to the good sized kitchen. All four of the bedrooms are located on the first floor alongside the bathroom facilities. With a delightful rear garden, a garage and off street parking, this property is well worth viewing.
The Enviable Location
The property can be found in Addisons Close, a peaceful cul-de-sac off Langland Gardens. This tranquil location is convenient for a wealth of amenities on the Wickham Road including bus routes to Bromley, West Wickham and Croydon town centres as well as East Croydon mainline railway station, which offers fast rail services to Central London and Gatwick Airport. The new Superloop routes also run along the Wickham Road offering direct services to Heathrow and Bromley South. Within around 0.7 of a mile is West Wickham High Street offering a range of local shops, restaurants, cafes and supermarkets. Schools are also within easy reach, including the Langley Schools, and Oak Lodge, Trinity, Orchard High, Coloma and St Johns. For full directions please contact Allen Heritage Estate Agents in Shirley.
Future Potential
Although already extended, there is scope here to develop the property further, converting the garage into internal accommodation could be a very easy quick win. There is a loft which could be converted into additional bedrooms, and ample space to the rear for a ground floor extension. Obviously any improvements of this nature require the relevant local authority consents.
The Ground Floor Accommodation
Porch
Entrance Hall 4.27m (14) x 2.54m (84')
Lounge 5.05m (167') into bay x 4.15m (137')
Dining Room 3.89m (129') x 3.81m (126')
Breakfast Room 2.93m (97') x 2.47m (81')
Kitchen 3.67m (12) x 3.44m (113')
Garage 5.05m (167') x 3.44m (113')
The First Floor Accommodation
Landing
Bedroom 1 5.25m (173') into bay x 3.71m (122')
Bedroom 2 4.00m (131') x 3.89m (129')
Bedroom 3 3.71m (122') x 3.35m (11) max
Bedroom 4 2.53m (84') x 2.49m (82')
Bathroom
WC
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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