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2-3 The Exchange Purley Road, Purley Croydon
£725,000 Guide Price
Bedrooms
Bathrooms
Guide price 725,000 to 750,000.
A modern detached family home which is situated within a quiet and private cul de sac location off Higher Drive. This property is arranged over two levels and occupies 1,659 sq. ft, comprising four-bedrooms, the primary bedroom features an en-suite shower room and the family bathroom enjoys a white suite, plus there is a downstairs cloakroom. Both the kitchen and utility room have recently been remodelled and refurbished to a high standard to include modern white units with Quartz worksurfaces and an integrated oven, hob and filter hood, plus dishwasher. Features spacious light and bright accommodation to include a through-lounge and separate dining room plus home office. Gardens to the front and rear, the latter is arranged over two levels, with a paved patio area and mainly laid to lawn. Block paved frontage allowing for ample off-street parking and access to an integral garage.
Purley train station is within 0.5 miles with fast and frequent routes to Victoria and London Bridge. Gatwick airport is accessible via the M23. There is a good selection of both state and private schools to include Beaumont Primary School which are within the immediate area, as well as bus services and local shops and other amenities. ``
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.
2-3 The Exchange Purley Road, Purley Croydon
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