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£675,000 Guide Price
Bedrooms
Bathrooms
Guide price: 675,000 to 725,000
An attractive three-bedroom end of terrace family home, which is situated in a popular location on Hillcote Avenue in Norbury and offered to the market with no onward chain.
The ground floor also comprises of a front reception room with bay window that allows lots of natural light into the room, a rear sitting room with patio doors to paved sitting area that overlooks a lawned garden, a fitted kitchen and rear garage!
The property is approached via your own driveway with the added bonus of being the end terraced house so there is potential to do a double storey side extension as well as a rear extension to the property subject to planning.
Upstairs there are three bedrooms with fitted wardrobes in the two double rooms and a family bathroom plus separate W.C. The property also has potential to extend into the loft subject to right planning approval.
This lovely family home is positioned close to amenities, schools, transport links and popular green spaces in Norbury!
Hillcote Avenue is one of the most desirable roads to live in Norbury. The location gives almost immediate access to the parks, woodlands in the surrounding areas such as Norbury Park, Streatham Common and Biggin Woods!
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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