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£350,000 Guide Price
Bedrooms
Guide-Price: 350,000 - 375,000
Located within good proximity to Coulsdon Town Center this chain-free two-bedroom semi-detached property is in need of modernisation and perfect for anyone who wants a home they can put their own stamp on.
The interior features a lounge, good-size kitchen, two bedrooms and bathroom. Additional features include own rear garden with south-west facing aspect and potential to extend subject to planning permission.
Coulsdon South and Coulsdon Town Railway Stations offer swift and easy access to a variety of destinations including London Victoria, London Bridge, Kings Cross, St. Pancras International, Gatwick Airport and Brighton, while the M23/M25 interchange at Hooley provides easy access to the South Coast, Gatwick Airport and the national motorway network. In addition the surrounding area is well-served by a variety of bus routes.
Local shops include Waitrose and additional supermarkets along with further shopping opportunities and gyms across Croydon, while Coulsdon High Street has a number of popular restaurants. Local green spaces include the stunning Farthing Downs and Coulsdon Memorial Park in addition to beautiful Surrey Countryside.
There are also a number of golf courses in the local vicinity including Coulsdon Court, Woodcote Park, Chipstead, Surrey Downs, and Kingswood while there are also a number of local sports clubs and leisure facilities. Coulsdon also includes a range of highly-rated schools including Chipstead Valley Primary School, Smitham, Oasis Academy, Woodcote Primary School, Woodcote High School and Coulsdon Sixth Form College.
Please note that we have been verbally informed by the vendor that the vehicular access and a portion of the garden with an outbuilding is subject to a lease which has 4 years remaining on it, with ground rent of 500 per annum and public liability insurance which is 150 per annum. We have also been informed that the lease can be renewed. In addition, the lease does also mention the following the tenant shall bear a fair and reasonable proportion of the cost of repairing the access road determined exclusively by the landlord.
Council Tax: Band C.
Kitchen
The kitchen is dual-aspect and includes wall & base level units with work surface area, window, four-ring electric hob, oven, extractor hood, sink with drainer, two-casement window and cupboard.
Lounge
The lounge is dual-aspect and includes electric heater, two single-casement windows and feature bay window.
Landing
The landing includes window and electric heater.
Bathroom
The bathroom includes tiled walls, chrome towel rail, panel-enclosed bath with wall-fixed controls & shower hose attachment, vanity unit incorporating wash-hand basin & mixer tap and single-casement opaque window.
Bedroom One
Bedroom one includes two-casement window, electric heater and loft hatch.
Bedroom Two
Bedroom two is dual-aspect and includes two single-casement windows, electric heater and cupboard.
Garden
The garden is partially laid to lawn and includes a decked area.
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.
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