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£850,000
Bedrooms
Bathrooms
A modern built detached family home which is situated in a quiet and peaceful cul de sac. Tastefully decorated and modernised by the current owners to create a light and airy feel throughout. Downstairs comprises of a large lounge with a sun room overlooking the garden which is perfect for summer entertaining, modern fitted kitchen, separate dining room, a study and downstairs wc. To the first floor there are four double bedrooms with an en-suite to the main bedroom, fitted wardrobes to the main, third and fourth bedroom and separate family bathroom. Double width garage which half has been converted into a study/gym space with the other side as a garage space, driveway for two cars and set within a secluded corner of the road within only two other neighbours.
Located within Round Grove which is a favoured residential cul de sac off Woodmere Avenue with local buses located on Orchard Avenue, providing routes to Croydon and Beckenham. Further bus services are available along Wickham Road together with local shops and other amenities. A wider selection of supermarkets, coffee shops and restaurants can be found in West Wickham along with a rail station allowing access to London Bridge, Charing Cross and Cannon Street. East Croydon station has fast and frequent trains to London Victoria, Gatwick and the south. Schools in the area include Orchard Park high school, Orchard Way and Monks Orchard primary schools.
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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