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2-3 The Exchange Purley Road, Purley Croydon
£1,150,000 Offers in excess of
Bedrooms
Bathrooms
An attractive detached family home, which is situated on a popular residential road and offered to the market with no onward chain. The property is set back from the road with a gated entrance and the frontage provides off street parking for several cars and an electric charging point. Occupies spacious and versatile accommodation of 3,148 sq. ft, comprising five to six bedrooms with two ensuites and a family bathroom, which are arranged over three levels. To the ground floor there are two separate reception rooms and a home office/study, plus a fitted kitchen with a central island and a separate utility room, plus a dining room, which allow access to a generous size, level plot rear garden which is mainly laid to lawn with a swimming pool and a hot tub and entertainment studio. Also features both double and triple glazing, gas fired central heating and solar panels.
Planning Permission Granted for a 2 Storey Rear Extension and Front Extension
Situated in a sought-after area of West Purley and within 0.8 miles of Reedham station, 1.0 of Coulsdon Town and 1.2 miles of Purley train station with routes to London Bridge and Victoria. Purley Town Centre enjoys array of both local shops, coffee shops, restaurants and Tesco supermarket as well as leisure facilities to include golf courses and green spaces. Schools in the area include John Fisher, Whitgift, Woodcote, Wallington Girls, Wilsons, St Davids and Margaret Roper.
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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