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£800,000
Bedrooms
Bathrooms
Situated within a quiet and peaceful location of Postmill Close with only two neighbours nearby, this road is favoured for its impressive Windmill. This Carla built executive style family home was built in 1992. Occupying 125.5 sq.m and built as a four bedroom property with two bathrooms, bedroom one and two featuring fitted wardrobes. To the ground floor there is a spacious lounge/diner of 228, modern fitted kitchen plus a home office/study and a wc downstairs. The mature rear garden well maintained and perfect for summer entertaining. Garage with light and power and is accessed via a personal driveway this providing off street parking.
Postmill Close is located off Upper Shirley Road and Shirley Hills is near by. Bus services operate on Upper Shirley Road with routes to Croydon. East Croydon train station provides fast and frequent trains to London Victoria, Gatwick and the south. Sandilands Tram stop is located on Addiscombe Road providing access to Croydon, Wimbledon and Beckenham. Trinity Boys School, Shirley High school and Coloma Girls Convent school are all within easy reach of the 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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