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£785,000
Bedrooms
Bathrooms
Cray & Norton are proud to present to the market this rarely available house which has been converted into three seperate units.
The property is in the heart of Croydon, making it easy to visit Croydon town centres shops and amenities. Excellent transport links, including Tramlink and West Croydon station are nearby, making commuting easy for potential tenants.
Details for each flat is as follows:
Flat 1: Lower ground floor maisonette, Bright, spacious front reception room, Fitted kitchen, Modern bathroom, One double bedroom and one single bedroom, Delightful rear garden. Approximate rental income- 1550.00 pcm.
Flat 2: First Floor flat, Spacious living area, Modern fully fitted kitchen, Lovely bathroom on second floor, One double bedroom, excellent condition throughout. Approximate rental income- 1200.00 pcm.
Flat 3: Split level flat, two good-sized double bedrooms, Modern bathroom, Open-plan fitted kitchen with generous living space, Presented in good condition throughout. Approximate rental income- 1500.00 pcm.
Approximate rental income for all three flats is based on the current condition and current market conditions.
Predicted Broadband Speeds:
Basic: 16 Mbps
Superfast: 80 Mbps
Ultrafast: 1000 Mbps
Mobile Coverage
EE: Amber
Vodafone: Green
Three: Amber
O2: Green
Satellite / Fibre TV Availability to include BT & Sky.
Cray & Norton Estate Agents, their clients and any joint agents give Notice that they have no authority to make or give any representations on warranties in relation to the property. Any statements on which a purchaser wishes to rely must be checked through their solicitor or conveyancers. These Particulars do not form part of any offer or contract and must not be relied upon as statements or representation of fact. Any areas, measurements, dimensions are approximate and must be independently verified. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has necessary Planning, Building Regulation or other Consents. We have not tested any appliances, services, facilities or equipment and Purchasers must satisfy themselves as to their adequacy and condition. We have not investigated Title, or the existence of any Covenants or other legal matters which may affect the property.
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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