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£730,000
Bedrooms
Bathrooms
Delighted to offer to the market, a Tudor elevated semi-detached house situated on an incredibly well-regarded residential road in the heart of Addiscombe. This spacious property is arranged over two floors and benefits from impressive 1,344 sq. ft. of living space with further scope to extend (STPP). On the ground floor, theres a large and attractive entrance hallway, spacious bay fronted reception room, light and airy dining room and a fitted kitchen. Upstairs, there are four well-proportioned bedrooms and a contemporary shower suite with a separate wc. The property further benefits from off-street parking for multiple vehicles, a detached garage and a beautifully maintained secluded garden. Offered to the market chain free.
Whitethorn Gardens is perfectly positioned for any commuter due to its close proximity to East Croydon station, offering direct access into London Victoria and London Bridge, Gatwick Airport and Brighton. Croydon town centre, Wimbledon and Beckenham are available via Addiscombe or Sandilands tram stop, which are close by. In addition, the property is close to The Trinity School and Coloma Convent Girls School along with various other schools locally. the local golf club is Shirley Park Golf Club. Lower Addiscombe Road, a thriving high street which offers a number independent businesses including a bakery, florist and butchers.
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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