Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£250,000 Guide Price
Bedrooms
Bathrooms
Guide-Price: 250,000 - 260,000
Located within ideal proximity to Coulsdon Town Centre this two-bedroom, first-floor apartment is share of freehold and chain-free making it the perfect purchase for first time buyers or investors.
The interior has been recently re-decorated and features two bedrooms, lounge, kitchen, bathroom, double-glazing and gas central heating. Additional benefits include communal grounds and off-street parking.
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. In addition to the stunning Farthing Downs and Coulsdon Memorial Ground, the local Surrey countryside provides plenty of other green spaces.
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.
We have been informed of the following by the vendor:
Lease Length: 96 years remaining on lease
Service charges per annum: 1350
Ground rent per annum: 75
Ground rent review period: Every 33 years
Building insurance per annum: 297.41
Council Tax Band: Band C
Hallway
The hallway includes radiator, entry phone system and cupboard.
Lounge
The lounge includes double-glazed two-casement window, double-glazed single-casement window and radiator.
Kitchen
The kitchen includes wall & base level units with work surface area, inset sink with drainer, double-glazed single-casement window, wall-mounted Vailant combination boiler, partially-tiled walls, four-ring gas hob, oven, concealed extractor hood, space for free-standing fridge-freezer, space for washing machine and extractor fan.
Bathroom
The bathroom includes low-level W.C, panel-enclosed bath with shower hose attachment, pedestal wash-hand basin, double-glazed opaque single-casement window, radiator, partially-tiled walls and extractor fan.
Bedroom One
Bedroom one includes double-glazed two-casement window and radiator.
Bedroom Two
Bedroom two includes double-glazed single-casement window and radiator.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
