3 bedroom end of terrace for sale

£750,000

3

Bedrooms

2

Bathrooms

Floorplan

Galloways are delighted to present this attractive three double bedroom, three-storey, semi-detached period freehold house, ideally located in the heart of Penge. Offering a wonderful blend of character and modern comfort, this charming home is well-presented throughout and perfectly suited to growing families or discerning buyers seeking space, convenience, and style.

The property comprises a spacious through reception room with ample natural light, a modern fitted kitchen with contemporary finishes, and two well-appointed bathrooms. Arranged over three floors, the layout offers excellent versatility, while the sunny south-east facing rear garden provides a perfect outdoor retreat for relaxation or entertaining.

Situated on Croydon Road, the property enjoys excellent access to local amenities and transport links. Penge West and Penge East stations are both within easy walking distance, offering fast and direct services into London Bridge and London Victoria, making this an ideal location for commuters. Nearby Tramlink services from Birkbeck and Avenue Road further enhance connectivity across South London and beyond.

Families are well catered for with a variety of highly regarded schools nearby, including Alexandra Junior School and Harris Academy Kent House.

Penge itself is a vibrant and thriving community, recently voted the No.1 Coolest Place to Live by The Times newspaper. The area boasts a fantastic mix of independent cafes, local pubs, and boutique shops, along with the larger shopping amenities of the High Street and nearby Crystal Palace. Beckenham and Sydenham are also just a short distance away for even more dining and leisure options.

Safeguarding Your Information
Important information regarding cybercrime. It has come to our attention that computer hackers are seeking to target property transactions to access funds. As we understand it, they will either hack a phone, tablet, or PC, maybe by sending out a random email that mistakenly gets opened, or even whilst opening a website, which gives them access to that machine. The reason for us mentioning this to you is to alert you that once they have gained access, they can monitor email correspondence, without you knowing, throughout a transaction. Then, at a relevant point, e.g. just before the exchange of contracts, they can send an email to a client mirroring that of their solicitor asking for funds to be transferred to a certain bank account. That money then, of course, disappears. Fortunately, we have not had such an instance but, feel it important to highlight the fact that if you do receive an email requesting funds, it is worth checking with the person concerned by phone that it is genuine and the bank details are correct, before sending money. This could, of course, affect other areas of finance beyond the property. Solicitors are starting to highlight this point now, but for safety, we would urge you to be vigilant and check before sending money or passing on any personal details regarding any bank or credit card information.
The Property Misdescriptions Act 1991
These particulars are set out as a general outline in accordance with the Property Misdescriptions Act (1991) only for the guidance of intending purchasers or lessees and do not constitute any part of an offer or contract. Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans, and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Gardens, roof terraces, balconies as well as tenure and lease details cannot have their accuracy guaranteed for intending purchasers. Lease details, service charge, ground rent are given as a guide only and should be checked and confirmed by your solicitor. No person in the employment of Galloways has any authority to make any representation or warranty in relation to this property. Purchase prices, rents, or other prices quoted are correct at the date of publication and, unless otherwise stated, exclusive of VAT.
Data Protection
We retain the copyright in all advertising material used to market this Property.
Disclosure of Referral Fees
As well as your obligation to pay Galloways commission or fees where applicable we may also receive a commission, payment, fee, or other reward or other benefits (known as a Referral Fee) from ancillary service providers for recommending their service to you. We believe you may benefit from using the services of our solicitors, independent financial advisors, Galloways Concierge and surveyors, the Providers, who are known as Lewis Nedas Law, Setfords Solicitors, Emin Read solicitors, Taylor Rose Solicitors, Just Move In, Eternity Financial Services and Reliable Surveyors, MAP Surveyors. Galloways always refer sellers and purchasers to Lewis Nedas Law, Setfords solicitors, Emin Read and Taylor Rose solicitors. It is your decision whether you choose to deal with the named companies. Should you decide to use Lewis Nedas Law, Setfords solicitors, Emid Read solicitors or Taylor Rose solicitors you should know that we would receive a referral fee of 180.00 inc VAT from them for recommending you to them. Galloways routinely refer all potential purchasers and vendors to Eternity Financial Services. It is your decision whether you choose to deal with Eternity Financial Services. In making that decision, you should know that we receive benefits from Eternity Financial Services. The amount depends on the property value and level of mortgage. A share of this fee is received by Galloways, the details of which are available upon request.
Galloways offer all of our customers the opportunity to use the services of Reliable surveyor and MAP surveyors. It is your decision whether you choose to deal with Reliable surveyors or MAP surveyors. You should know that Galloways receives a referral fee of 50.00 inc VAT from Reliable surveyors or MAP Surveyors for recommending you to them. You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee. The Referral fee is separate from your obligation to pay our own fees or commission.
TENANT FEE INFORMATION
Applicable to all new assured shorthold Tenancies (ASTs) signed on or after 1st June 2019
Holding Deposit: Capped at One weeks rent
Paid by you to reserve the Property. This will only be retained by us if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days.
Deposit:
Capped at 5 weeks rent where the annual rent is under 50,000 and 6 weeks rent where the annual rent is 50,000 or higher.
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.
Late payment of Rent:
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.
Lost Keys or security devices:
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
Variation or changes to an existing tenancy agreement:
50.00 (inc. VAT) per change.

This charge will cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents. This also covers costs in change of sharer situations and covers the landlords costs in securing a new sharing and associated legal requirements in processing that new sharers application.
Early Termination as requested by Tenant:
Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover the landlords costs of re-letting the property as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.
Utility Payments:
Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information.
Galloways are registered members of Propertymark (ARLA & NAEA), TPO (The Property Ombudsman), and CMP Client Money Protection is in place.



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 621450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 58950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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