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£350,000 Guide Price
Bedrooms
Bathrooms
Guide-Price: 350,000 - 375,000
Ideally situated just a short walk from Coulsdon Town Railway Station and Coulsdon High Street this contemporary, two-bedroom, third-floor apartment is ideal for anyone looking to enjoy contemporary living close to transport into Central London.
The interior benefits from an open-plan lounge/kitchen with a balcony offering views over the local area. Additional features include two good-size bedrooms, an en-suite, bathroom and storage.
Other benefits to note include lift access and allocated parking.
Coulsdon South and Coulsdon Town Railway Stations offer swift and easy access to a variety of destinations including London Victoria, London Bridge, 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 widely 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. Local green spaces include the stunning Farthing Downs and Coulsdon Memorial Park in addition to beautiful Surrey Countryside.
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.
We have been informed of the following by the vendor:
Lease Length: 119 years remaining
Service charges for 1st September 2024 - 31st August 2025: 1930.64
Service charge review period: Every Year.
Ground rent per Annum: 325
Council Tax: Band D
Entrance Hall
The property benefits from a video entry phone system for added security, a convenient storage cupboard, and a separate utility room with space and plumbing for a washer/dryer and an additional fridge/freezer. Finished with oak grey mist wood flooring throughout, the space also features a radiator and recessed down-lights for a modern touch.
Open-Plan Kitchen Area
A range of wall and base level units topped with a sleek quartz work surface, incorporating an under-mounted stainless steel sink with mixer tap and integrated worktop drainer. Under-counter display lighting adds ambiance and functionality. Appliances are fully concealed, including a built-in fridge, freezer, and integrated dishwasher. A four-ring induction hob completes the cooking area, positioned near a double-glazed window offering a side aspect view.
Open-Plan Lounge Area
A feature multifunctional wall unit with a recessed central section designed to accommodate a flat-screen TV, complemented by an electric artificial fireplace below. Flanked by symmetrical open shelving units for both display and storage. The room is finished with elegant oak grey mist flooring, a radiator, recessed down-lights, and a double-glazed window and door providing access to own balcony.
Balcony
A covered balcony featuring a sleek glass balustrade and integrated lighting, providing a stylish outdoor space for relaxing or entertaining.
Bathroom
The bathroom features part-tiled walls to splash back areas and a panel-enclosed bath with a glass shower screen and integrated shower hose attachment. A vanity wash hand basin with mixer taps sits beneath a wall-mounted mirror, alongside a low-level W.C. with dual-flush and a concealed cistern. Additional features include a chrome heated towel radiator, tiled flooring, and an extractor fan for ventilation
Master Bedroom
The room benefits from two double-glazed windows providing ample natural light, a fitted wall unit with integrated shelving for storage and display, and a door leading through to the en-suite bathroom.
Ensuite Shower Room
The en-suite features part-tiled walls to splash back areas and a generously-sized shower cubicle with an integrated shower unit. A vanity unit houses the wash hand basin with mixer taps, complemented by a wall-mounted mirror. Additional features include a low-level W.C. with dual-flush and concealed cistern, a chrome heated towel radiator, and an extractor fan for ventilation
Bedroom Two
Bedroom two benefits from fitted wardrobe with internal LED lighting and a double-glazed window.
Parking
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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