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£799,000
Bedrooms
Bathrooms
A stunning 5 bedroom family home ideally located on the ever popular American Estate!
Lovingly maintained by the current owners, this home offers spacious and versatile living accommodation with air conditioning. this property boasts two separate receptions rooms which provide the perfect spots for the family to relax in while also having space for the family to sit around and have dinner together. The kitchen layout is fantastic for people that like to prepare their chefs specialities while also entertaining family and friends. It has lots of space to cook in, integrated appliances which lead to the large landscaped rear garden which is prefect for families with kids!
The property benefits from a downstairs bathroom with W/C, conservatory and ground floor double bedroom.
Upstairs, the property boasts four bedrooms with one en-suite and a family bathroom. Additional benefits include a double driveway equiped with an EV charging points
This property would be perfect for all type of buyers, home movers, or investors, offering the potential to extend further into the loft (STPP).
The property is located on the boarders on Norbury/Thornton Heath and is a great place to live, amazing fast and frequent train links into Central London from both Norbury and Thornton Heath Stations. You also have access to the busy Norbury and Thornton Heath High streets which are packed with markets, independent shops, libraries, excellent schools and we have really been spoilt for choice with local green spaces within a short walk of the 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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