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£324,950
Bedrooms
Bathrooms
NO CHAIN - THE LEASE WILL BE INCREASED TO 125 YEARS ON COMPLETION
This upper floor two bedroom apartment enjoys a fantastic location within easy reach and only metres away from both Cheam mainline rail station and Cheam Village, providing a wide selection of shops, bars and restaurants. Sutton town centre, with a more comprehensive range of shopping facilities is also close by and easily reached.
Accommodation includes a good size lounge/diner, adjoining kitchen for that sociable connecting aspect, two double bedrooms with built in wardrobes, Shower/bath room and a spacious hallway with large storage cupboard.
Further features complimenting this home include private garage, communal gardens, a share of freehold and sold with no ongoing chain.
Call now to arrange a viewing.
Property
NO CHAIN - THE LEASE WILL BE INCREASED TO 125 YEARS ON COMPLETION
This upper floor two bedroom apartment enjoys a fantastic location within easy reach and only metres away from both Cheam mainline rail station and Cheam Village, providing a wide selection of shops, bars and restaurants. Sutton town centre, with a more comprehensive range of shopping facilities is also close by and easily reached.
Accommodation includes a good size lounge/diner, adjoining kitchen for that sociable connecting aspect, two double bedrooms with built in wardrobes, Shower/bath room and a spacious hallway with large storage cupboard. The vendor has informed us that the property was rewired and new central heating system heating installed in July 2024.
Further features complimenting this home include private garage, communal gardens, a share of freehold and sold with no ongoing chain.
Call now to arrange a viewing.
Location
Cheam Village has a friendly and charming atmosphere, with pretty shops and a vibrant community life making it a sought after place to live. The village has a rich history with the once magnificent Nonsuch Palace, which was built by King Henry VIII presiding over the beautiful Nonsuch Park, which boasts 120 hectares. The village offers a good variety of shops, main post office and a selection of restaurants and public houses. The village benefits from a railway station providing direct access to London Victoria and is within easy reach of the M25 and A3.
Money Laundering Regulations
Due to updated regulations any potential purchasers will be asked to provide two formal copies of identification prior to agreeing the sale. Your assistance will help to ensure the sale can progress in a timely manner.
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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