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£485,000
Bedrooms
Bathrooms
Located within the village of Netherne-on-the-Hill this luxury, two-bedroom, ground-floor apartment is ideal for anyone who enjoys high-ceilings, impressive-size rooms and their own beautiful rear garden.
The interior benefits from a sizeable lounge/diner, kitchen, two bedrooms with fitted wardrobes, en-suite and long hallway with teak flooring.
Additional benefits include a car barn with off-street parking.
A natural haven for wildlife, Netherne-on-the-Hill is surrounded by 184 acres of countryside and woodland with footpaths through the hills. Community facilities include a gym & swimming pool for residents, cricket green and tennis courts. The M25/M23 Interchange at Hooley is a short drive away while Coulsdon South can be used to access London Bridge and London Victoria.
Lounge/Diner - The lounge/diner is dual-aspect with views over the rear garden and includes two double-glazed sash windows, feature gas fireplace with marble hearth & surround, wooden flooring, two radiators, glass-panel double-glazed door to rear garden, coved ceiling, ceiling rose and space for dining table.
Rear Garden - The rear garden is partially laid to lawn with two decked areas. Features include power points, water feature, range of plants & shrubs and rear gate.
Kitchen - The kitchen includes wall & base level units with granite work surface area, stainless-steel one & a half bowl sink with drainer & mixer tap, four-ring gas hob with concealed extractor hood, oven, space for washing machine, space for dishwasher, radiator, concealed boiler, double-glazed sash window, space for free-standing fridge/freezer, partially-tiled walls, tiled floor, coved ceiling, smoke alarm and spotlights.
Master Bedroom - The master bedroom provides views over the garden and includes double-glazed sash window, fitted wardrobe, radiator, spotlights and coved ceiling.
Master Bedroom En-Suite - The en-suite provides views over the garden and includes double-glazed sash window, pedestal wash-hand basin, low-level W.C, radiator, shower enclosure with wall controls & waterfall shower, partially-tiled walls, extractor fan, coved ceiling, spotlights and tiled floor.
Bedroom Two - Bedroom two includes double-glazed sash window, radiator, fitted wardrobe and coved ceiling.
Bathroom - The bathroom includes vanity unit incorporating wash-hand basin with mixer tap, heated chrome towel rail, low-level W.C, panel-enclosed bath with shower hose attachment, shower enclosure with wall-fixed controls, extractor fan, tiled walls, tiled floor and spotlights.
Hallway - The hallway includes three double-glazed sash windows with shutters, teak flooring, two radiators, entry phone system, cupboard housing Megaflo hot water cylinder, coved ceiling and ceiling rose.
Lobby - The lobby includes teak flooring, double-glazed sash window, radiator, coved ceiling and ceiling rose.
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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