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£685,000 Offers in excess of
Bedrooms
Bathrooms
This three-bedroom semi-detached home is set in a highly sought-after residential area with substantial quality homes and under a mile from Sutton mainline station and high street beyond. Offering excellent potential for buyers looking to put their own stamp on a property. Whilst requiring some modernisation, the house provides a solid layout and generous proportions throughout.
Property
This three-bedroom semi-detached home is set in a highly sought-after residential area with substantial quality homes and under a mile from Sutton mainline station and high street beyond. Offering excellent potential for buyers looking to put their own stamp on a property. Whilst requiring some modernisation, the house provides a solid layout and generous proportions throughout.
The spacious accommodation comprises entrance hall with Cloakroom; dual aspect, front to back Loung, Dining Garden Room and casement doors leading to the patio and paved garden. The good size kitchen also leads to a rear patio whilst the tandem garage leads to both the house and the jacuzzi/ hot tup room, in turn, the gardens beyond. 3 good size bedrooms, separate WC and bathroom upstairs.
Externally, the property benefits from a low maintenance, private rear garden mainly paved with feature pond and shrub boarders. To the front there is a drive with off street parking leading garage.
With its prime position and scope for improvement, this property represents an exciting opportunity to create a wonderful family home tailored to personal taste.
Location
Sutton is a greater London Borough that is located to the South East of London. The borough was formed in 1965 by the merger of the Municipal Borough of Sutton and Cheam with the Municipal Borough of Beddington and Wallington and Carshalton Urban District which had previously been part of Surrey. A mainline railway station services the town with direct services to London Victoria and London Bridge regularly. The town also has a vibrant shopping centre with numerous bars, restaurants and parks. Sutton also provides easy access to the M25 and Gatwick airport.
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.
Map location is not available for this 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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