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£325,000 Offers over
Bedrooms
Bathrooms
Reception
Croydon Estates are pleased to offer a well-kept mid-terraced, two double bedroom family home located minutes away from the vibrant Croydon town centre and all transport links on the infamous Mitcham Road.
The property benefits from a large through lounge which were once two separate receptions. There is additional diner which is connected to a rear good-sized kitchen and large upstairs bathroom including a separate shower. Both bedrooms are of a generous size, especially that allocated to the master. The access to the garden can be gained through the side of the kitchen area. The garden is an ideal size to host barbeques and parties for the summertime, or just kick back and enjoy a lazy afternoon and comes with a shared brick-built air raid shelter.
This property is ideal for a first-time buyer or buy to let investor alike. It offers up the opportunity to allow any potential buyer to lay their own stamp on the property, as it could benefit from cosmetic refurbishment throughout and be ample to grow a small family or to-let to potential tenants earning a monthly income.
The property is enviably located within a short walk of Croydon town centre with its vast array of local amenities such as local post offices, banks, supermarkets, leisure centre, butchers, green grocers, take-aways, restaurants, barbers, saloons, off licences, bars, pubs and other office-based agencies. West Croydon British rail, Bus garage and Tram links providing fast and frequent services into East Croydon, Clapham Junction, Wimbledon and Central London. The industrial Purley Way is also accessible minutes from the front door in the opposite direction to the Town Centre.
Tenure: Freehold
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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