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£700,000 Guide Price
Bedrooms
Bathrooms
Guide-Price: 700,000 - 725,000
Located on Caterham Drive this three-bedroom, detached property comes to the market with an extensively landscaped rear garden and with planning permission for a double-storey wraparound extension.
The interior includes an open-plan lounge/diner, store room, kitchen, utility room, down-stairs W.C, three good-size bedrooms and a modern bathroom.
The rear garden includes gated steps ascending to a breathtaking, landscaped seating area and a triple-aspect garden room with power, lighting and kitchen appliances.
Additional features include a garage and driveway with off-street parking for multiple vehicles.
Caterham Drive is within good proximity to the popular and idyllic Coulsdon Common, with plenty of additional local woodland, greenery and open spaces including the Farthing Downs, Happy Valley, Grange Park and Coulsdon Memorial Park in addition to beautiful Surrey Countryside.
There are a number of golf courses in the local vicinity including Coulsdon Manor, Woodcote Park, Chipstead, Surrey Downs, and Kingswood while there are also a number of local sports clubs. Numerous exclusive gyms are also located across the wider Croydon and Surrey area.
Popular independent schools include The Hawthorns School in Bletchingley, while Coulsdon also includes a range of highly-rated schools including Oasis Academy, Chipstead Valley Primary School, Smitham, Woodcote Primary School, Woodcote High School and Coulsdon Sixth Form College.
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, Heathrow Airport and the national motorway network.
We have been informed of the following by the vendor:
Council Tax: Band E.
Entrance Hall
The entrance hall includes opaque double-glazed window, radiator, smoke alarm, down-lights and stairs ascending to first-floor.
Lounge Area
The lounge area is open-plan with the dining area and includes double-glazed three-casement window, radiator and down-lights.
Dining Area
The dining area includes two radiators and down-lights.
Store Room
The store room includes double-glazed glass-panel double doors leading to rear garden.
Kitchen
The kitchen includes wall & base level units with work surface area, one & a half bowl sink with drainer area, double-glazed window, space for free-standing fridge-freezer, space for free-standing gas cooker and partially-tiled walls.
Utility Room
The utility room includes double-glazed window, space for washing machine, space for tumble dryer and double-glazed glass-panel door to rear garden.
W.C
The W.C includes low-level W.C with dual-flush, wash-hand basin, double-glazed single-casement opaque window, radiator and partially-tiled walls.
Landing
The landing includes double-glazed two-casement window, smoke alarm, loft hatch and down-lights.
Bedroom One
Bedroom one includes double-glazed three-casement window, radiator and down-lights.
Bedroom Two
Bedroom two includes double-glazed three-casement window, radiator and down-lights.
Bathroom
The bathroom includes double-glazed opaque window, double-glazed two-casement opaque window, low-level W.C with dual-flush, tiled walls, tiled floor, heated towel rail, wash-hand basin with mixer tap, tile-enclosed bath with waterfall shower & shower hose attachment, extractor fan and down-lights.
Bedroom Three
Bedroom three includes double-glazed single-casement window, radiator and down-lights.
Front Garden
The front garden includes a driveway with off-street parking and telescopic security post.
Garden Room
The garden room is triple-aspect and includes double-glazed glass-panel bi-fold doors, double-glazed window, double-glazed glass-panel double-doors leading out to rear garden, double-glazed three-casement window, wall & base level units with work surface area, one & a half bowl sink with drainer, space for dish-washer, space for fridge-freezer, space for fridge and down-lights.
Rear Garden
The rear garden features three tiers which have been extensively landscaped. The ground-floor is mostly laid to gravel with gated steps leading to the first tier which includes access to the garden room and a separate seating area. The second tier features a seating area and is partially laid to turf while the third tier is laid to turf. Additional benefits include power, lighting and side access.
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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