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£385,000
Bedrooms
Bathrooms
Incredible opportunity to own this mid-terrace house located in a sought-after area of Morden. The property is within easy reach of local schools, parks, and a variety of shops and amenities. It is in a well-connected area and popular with families and commuters alike.
The ground floor features a bright and spacious reception room with a large front-facing window allowing plenty of natural light. Towards the rear, there is a kitchen area with fitted units, offering a solid foundation for a full renovation or open-plan redesign. Beyond the kitchen lies a generous conservatory, which enjoys views over the rear garden and brings a fantastic sense of openness and light to the ground floor.
On the first floor there are two bedrooms and a family bathroom. One of the bedrooms features an additional internal room that could serve as a dressing area or home office. A converted loft with heating and skylight windows provides an excellent additional private space or ample storage.In addition, the property benefits from off street parking, a good-size rear garden with a mix of patio and lawn ideal for relaxing, entertaining, or gardening.
The property is within easy walking distance to supermarkets, shops, cafes and local amenities. It is also within catchments of grammar schools and reputable schools like Glenthorne High School and Harris Academy Morden. This location is around 10-min walk to St Helier Train Station (Zone 4) with trains connects Wimbledon and Central London. There are well-serviced bus routes linking directly to Morden Town Centre, which benefits from the Morden Underground - Northern Line, and connections to Carshalton, Sutton, Croydon, and Mitcham.
The house is in need of modernisation and upgrading however, it offers great potential for buyers to develop it into a beautiful family home with their own taste, or good layout for investors who seeking a project! Dont miss out on this rare find! No Chain! Call Now!
EPC rating: D. Tenure: Freehold,Map location is not available for this property.
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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