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2-3 The Exchange Purley Road, Purley Croydon
£850,000
Bedrooms
Bathrooms
This attractive detached family home is set on a sought-after residential road, ideally positioned for well-regarded schools, transport links, and local amenities. Spanning 1,519 sq. ft, the property offers four double bedroomsthree with fitted wardrobesa family bathroom, and a separate WC. The ground floor features a spacious interconnecting lounge/dining room and a generous kitchen/breakfast room with modern units and integrated appliances including a double oven, hob, and microwave, plus a separate laundry room.
The home is well-presented throughout with light dcor, double glazing, and gas central heating. Externally, there is a private 160 south-easterly facing rear garden with valley views, a large patio, and sloping lawn. A block-paved driveway provides off-street parking and access to the integral garage.
Well located for both public and private schools including the popular Woodcote Schools. Excellent transport links via the M23/M25 at Hooley and nearby Purley station with fast services to London Bridge and Victoria. Also within easy reach of Purley, Coulsdon, Wallington, and Banstead, along with green spaces such as Woodcote Golf Club and Oaks Park.
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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