2 bedroom terraced for sale

£650,000

2

Bedrooms

1

Bathrooms


COMING SOON FOR WINTER 2025
Located in arguably one of South Croydons premier leafy 'private' roads is this brand new collection of fantastic two & three Bedroom family homes. These stunningly designed homes are in keeping with the local surrounding area and offer an abundance of character and charm. Set in a private no through road, for additional privacy and tranquillity, on the very edge of town before you head into the more rural and open spaces of Farleigh Common and Chelsham but still well within close proximity for local shops, supermarkets and excellent transport links. These fine homes have been carefully designed and created for modern living but with a traditional feel making these homes the perfect place to put down roots and enjoy the best of both worlds.
With a choice of either one of the front three homes of the development, with its traditional Flint-Stone exterior to mirror the existing listed building opposite, or one of the fine semi-detached houses at the rear of the development with a choice of either a three or two storey homes.
Each home has an open plan kitchen/living/dining area with ultra-modern fully fitted kitchen and integrated appliances, downstairs cloakroom and WC and ample storage. The living areas have French doors opening out onto your very own private rear garden Upstairs there are the bedrooms and family bathroom. The three storey homes have the additional second floor where the master bedroom and elegant ensuite can be found
Each home comes with a 10 year build warranty for peace of mind and a private parking space with some EV charging points.
Practical completion is due for Summer 2025 so please call our Selsdon office today on for further details and how to reserve one of these fabulous homes




Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 538950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 51450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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