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2-3 The Exchange Purley Road, Purley Croydon
£650,000 From
Bedrooms
Bathrooms
Welcome to Fairoak Close, a collection of just six brand new semi-detached family homes located in the corner of a highly desirable cul-de-sac in Kenley backing onto woodland. Some of these plots have unusually large rear gardens for a new build house.
Upon entering there is a covered porch area through to small entrance lobby with large storage cupboard and opening into the Kitchen/Dining room. There a striking fully fitted shaker style kitchen with ample cupboard space, luxury Quartz work surfaces, built in electric BOSCH oven, hob and extractor hood, integrated fridge/freezer and dishwasher. There is a cloakroom plus a WC. The living room is light and airy with bi-fold doors opening onto the rear garden. There is also an additional downstairs room which could be utilised as a fourth bedroom, further reception room, study or playroom.
Upstairs there are three generously sized bedrooms with the principle bedroom benefiting from an en suite shower room. There is also a main elegent family bathroom. Other benefits include air source heat pump for sustainability and energy efficiency, stylish herringbone flooring to the ground floor and carpeted bedrooms, parking space with EV charging points (some plots have two spaces).
These wonderful homes will be completed in the next few weeks so early viewing is highly recommended.
Call our Kenley office today on to reserve your plot and for further details.
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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