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£675,000 Guide Price
Bedrooms
Bathrooms
Guide Price 675,000-700,000. This detached family home is situated in a residential road off Spout Hill and backs. Modern condition throughout providing ample space and flow for a growing family. Downstairs comprises of a L-shape open plan lounge/diner/kitchen with fitted appliances, a snug and downstairs wc. Four double bedrooms upstairs with fitted wardrobes to all bedrooms along with an en-suite bathroom and separate shower room. The rear garden is on two levels, with a patio area and landscaped lawn and is great for summer entertaining. Tastefully decorated throughout the property which is perfect for move in ready buyers. Other features include solar panels, gas central heated and double glazed throughout. A viewing is highly recommended to fully appreciate the size and space of this property. Offered to the market with no onward chain.
This property is situated in Addington Village, near to Spout Hill leading to The Addington Golf Course, access to Addington Village tram stop with direct access to Croydon town centre and main line station with a frequent service to London. Local shops are close by and the area provides numerous schools both state and independent and open countryside with several local golf clubs which are all easily accessible.
Map location is not available for this 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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