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£700,000
Bedrooms
Bathrooms
A beautifully presented four-bedroom semi-detached family home, positioned on a popular road in the sought after American estates, conveniently placed for Norbury and Thornton mainline stations.
This property boastsa large reception room 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 diner layout is fantastic for people that like to prepare their chefs specialities while also entertaining family and friends. The kitchen area has lots of space to cook in, integrated appliances and easy access to the large landscaped rear garden which is prefect for families with kids!
Upstairs you have four spacious bedrooms that will not disappoint as they are all bright and airy, you also have a luxury bathroom suite which includes bathtub, sink, shower cubic and W/C. further benefits include the large drive way which can fit several cars, a garage, large loft and potential to extend (subject to planning).
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!
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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