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2-3 The Exchange Purley Road, Purley Croydon
£800,000
Bedrooms
Bathrooms
An attractive detached family home which is offered to the market with no onward chain and situated within a popular tree lined residential road. Comprises three bedrooms and two bathrooms, one of which is an ensuite to the primary bedroom. Extended to the downstairs to provide an open plan fitted kitchen/breakfast room., plus there is an open plan lounge/dining room. Features double glazing and gas fired central heating. Attached and integral tandem garage with a block paved frontage providing off street parking for two to three cars. Tiered private rear garden secluded with mature trees and shrubs and enjoying a westerly aspect, with a paved patio area and laid to Astro turf. There are two outbuildings, one currently used as storage, although could be used for a gym or hobbies room and the other is used as a two-bedroom accommodation with a kitchen and shower room, this making it idea for teenagers den or maybe an annex.
Reedham rail station is just 0.1 miles away, providing routes to London Bridge and Victoria, while Purley rail station, located 0.7 miles away, offers services to Gatwick and Brighton. The surrounding area is well-equipped with shops, restaurants, and excellent educational facilities like Beaumont Primary School.
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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