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£700,000
Bedrooms
Bathrooms
Rarely available extended Gower D property is situated on a wider plot than similar properties. This semi-detached family home is situated in favoured residential road on the south side of Shirley. The property has been extended to the side to create a larger lounge and an additional snug/bedroom four. Downstairs also comprises of a dining room, kitchen and a downstairs cloakroom. To the first floor there are three double bedrooms with fitted wardrobes to the main bedroom with an en-suite and family bathroom. Secluded rear garden with a paved patio area, a pond and lawn which is perfect for entertaining. There is a log cabin with power and light, a shed, a childrens playhouse and a hot tub not in use currently. Also features a semi-converted garage to the side of the property allowing a workshop/utility room with storage, double glazing and gas fired central heating, and off street parking to the front for three cars. The property has had planning permission agreed to have a side extension over the garage and details will be available on Croydon Planning website.
Local bus services are located on Shirley Way, East Way and Bridle Road, providing access to both Croydon and Bromley. There are further bus services, local shops and restaurants available along the Wickham Road. East Croydon station provides fast and frequent trains to London Bridge, Gatwick and the south. West Wickham High Street has an excellent range of local shops, supermarkets and coffee shops, as well as trains to London Bridge, Charing Cross and Cannon Street. Schools in the area include Harris Academy and Forest Academy primary school and Shirley High.
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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