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£600,000 Guide Price
Bedrooms
Bathrooms
Guide-Price: 600,000 - 625,000
Occupying a favoured position on one of Purleys highly-sought-after roads this contemporary, four-bedroom, detached property is perfect for anyone who wants to enjoy modern living and benefits from an ideal location just a short walk from Reedham Railway Station and an 'Outstanding' primary-school.
The interior has been remodelled with a contemporary flair and includes features such as multi-aspect rooms, floor-to-ceiling windows and a convenient layout.
The ground-floor features a spacious triple-aspect kitchen/lounge with integrated appliances, two good-size bedrooms and a contemporary bathroom with walk-in shower. The lower-ground floor features a master bedroom with walk-in wardrobe and modern en-suite shower room in addition to a fourth good-size bedroom.
The rear garden is mostly decked with a feature cherry blossom tree, making it an ideal location for entertaining guests, accessed via multiple ways including back door through the open-plan lounge and the rear bedroom, as well as via external side access.
One of the most appealing features of the local area is the schools. Beaumont Primary School is located within close proximity and was rated as 'outstanding' in 2017.
Reedham Railway Station provides swift and direct access to London Bridge and London Victoria, while Purley Railway Station can be used for Gatwick Airport and Brighton. In addition, local buses serve destinations including Caterham, Banstead, Old Coulsdon, Redhill, Central Croydon, West Croydon and Streatham, while the N68 route provides nightly buses both into and from Central London and Waterloo Railway Station. The M23/M25 interchange at Hooley can be used to access the national motorway network.
Coulsdon Manor Golf Club & Reedham Park Tennis Club are amongst popular local destinations while a variety of amenities, shops, gyms and restaurants can be found in Purley Town Centre.
We have been informed of the following by the Vendor:
Council Tax
Kitchen/Lounge - Triple-aspect, wall & base level units with work surface area, under-mount copper Smeg sink with copper mixer tap, tiled splash-back, integrated oven with four-ring electric hob, integrated fridge-freezer, integrated dishwasher, wood-flooring, double-glazed glass-panel sliding door, two-casement window, feature fitted bookcase, two radiators, five floor-to-ceiling windows, glass-panel front door and stairs descending to lower-ground-floor.
Bathroom - Panel-enclosed bath, waterfall shower with hose attachment, skylight, tiled floor, heated chrome towel rail, wash basin with mixer tap, fitted double-sided mirrored bathroom cabinet, low-level W.C with dual-flush, partially-tiled walls and down-lights.
Passage - Radiator, single-casement window and glass-panel door to rear garden.
Bedroom Two - Radiator, fitted wardrobe and glass-panel sliding door to rear garden.
Bedroom Three - Dual-aspect, single-casement frosted-effect window, radiator and two floor-to-ceiling windows.
Lower-Ground Floor Hallway - Two radiators, and cupboard housing hot water cylinder with space for washer/dryer.
Bedroom Four - Single-casement double-glazed window, radiator and cupboard housing boiler.
Master Bedroom - Radiator, two-casement double-glazed window and walk-in wardrobe with down-lights.
Ensuite Shower Room - Heated chrome towel rail, vanity unit incorporating wash-hand basin with mixer tap, partially-tiled walls to splash-back, low-level W.C with dual-flush, shower enclosure with waterfall shower & hose attachment, extractor fan and tiled floor.
Rear Garden - The rear garden is mostly decked with a feature cherry blossom tree, making it an ideal location for entertaining guests, accessed via multiple ways including back door through the open-plan lounge and the rear bedroom, as well as via external side access.
Front Garden - The front garden features a range of mature plants & shrubs in addition to
off-street parking and an EV charging point.
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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