3 bedroom semi-detached for sale

£550,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Guide-Price: 550,000 - 575,000
Located on a popular road in Coulsdon this extended, three-bedroom, semi-detached property comes to the market with a contemporary open-plan kitchen/diner with skylight and bi-fold doors.

The ground-floor also features a lounge, family room, shower room and study. The first-floor includes three good-size bedrooms and a bathroom.

Additional features include off-street parking and own rear garden.

Woodmansterne, 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. 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, Smitham, Oasis Academy, Woodcote Primary School, Woodcote High School and Coulsdon Sixth Form College.

We have been informed of the following by the vendor:
Council Tax Band: Band E

Porch -

Entrance Hall - The entrance hall includes radiator, under-stairs cupboard housing gas & electric meters and stairs ascending first-floor.

Lounge - The lounge includes feature log burner with granite hearth & brick surround, radiator, double-glazed feature bay window and coved ceiling.

Family Room - The family room includes double-glazed single-casement window and a radiator.

Kitchen Area - The kitchen area is open-plan with the dining area and includes wall & base level units, work surface area, sink with drainer, four-ring gas hob with concealed extractor hood, oven, partially-tiled walls, double-glazed single-casement window, tiled floor, cupboard housing free-standing fridge-freezer and additional cupboard.

Dining Area - The dining area is dual-aspect and includes wooden flooring, double-glazed bi-fold doors leading to rear garden, cupboard housing tumble dryer, wall radiator, down-lights and skylight.

Shower Room - The shower room includes shower enclosure with shower hose attachment & wall controls, partially-tiled walls, wooden flooring, chrome towel rail, low-level W.C with dual-flush, wash-hand basin with stainless-steel mixer tap, down-lights and skylight.

Study - The study includes wooden flooring, glass-panel double-glazed door leading to front of property, double-glazed single-casement window, radiator and down-lights.

Landing - The landing includes double-glazed single-casement window, cupboard, loft hatch and smoke alarm.

Bedroom One - Bedroom one includes fitted wardrobe, radiator and double-glazed single-casement window.

Bedroom Two - Bedroom two includes double-glazed single-casement window, cupboard and radiator.

Bedroom Three - Bedroom three includes double-glazed single-casement window, cupboard and radiator.

Bathroom - The bathroom includes panel-enclosed bath with shower hose attachment, partially-tiled walls, double-glazed single-casement opaque window, pedestal wash-hand basin, low-level W.C with dual-flush and extractor fan.

Rear Garden - The rear garden comprises three tiers including one tier which features a patio area and another tier which is mostly laid to lawn. Features include a shed, a greenhouse and a range of plants & shrubs.

Front Of Property - The front of the property is partially laid to lawn and a driveway with off-street parking.



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 43950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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