3 bedroom end of terrace for sale

£675,000

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 Notice on Cybercrime
Cybercrime is a serious risk in property transactions. Criminals may attempt to intercept email correspondence and trick you into transferring funds to a fraudulent account.
Please note:
Galloways will never notify you of changes to bank account details by email.
Always verify bank details in person or by calling your solicitor/agent using a trusted telephone number before transferring any money.
Be vigilant against unexpected emails, attachments, or requests for financial information.
If you receive any communication that seems suspicious, contact us immediately before taking any action.
Disclaimer
These particulars are provided as a general outline only for the guidance of intending purchasers or lessees and do not form part of any offer or contract. All descriptions, dimensions, references to condition, and necessary permissions for use and occupation are given in good faith and believed to be correct, but prospective purchasers, lessees, or third parties should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to their accuracy.
No responsibility is taken for any error, omission, or misstatement. We have not carried out a structural survey, nor tested the services, appliances, or specific fittings. All photographs, measurements, floor plans, and distances are for guidance only and should not be relied upon for the purchase of carpets or other fixtures or fittings. External areas and features, as well as tenure and lease details, cannot be guaranteed and must be verified by a solicitor. Lease terms, service charges, and ground rents are provided as a guide only and should be confirmed by legal advisors.
No person in the employment of Galloways has any authority to make or give any representation or warranty in relation to this property. Quoted prices, rents, or other costs are correct at the time of publication and, unless otherwise stated, are exclusive of VAT.
Data Protection
We take the protection of personal information seriously. Any data provided to Galloways will be processed in accordance with the UK General Data Protection Regulation (GDPR) and the Data Protection Act 2018. Personal information will only be used for the purposes of your property enquiry and will not be shared with third parties without your consent.
We also retain the copyright in all advertising material used to market this property.
Disclosure of Referral Fees
As well as any commission or fees you pay to Galloways, we may also receive a commission, payment, fee, or other reward (known as a referral fee) from selected service providers for recommending their services to you.
We believe our clients may benefit from using the services of our recommended solicitors, mortgage advisers, concierge service, and surveyors. The providers we regularly work with are:
Solicitors: Lewis Nedas Law, Setfords Solicitors, Taylor Rose Solicitors
Mortgage/Financial Services: Trinity Finance, Eternity Financial Services
Surveyors: Reliable Surveyors, MAP Surveyors
Concierge: Help the Move
If you choose to use one of these providers, please note the following:
For Lewis Nedas Law, Setfords Solicitors, and Taylor Rose Solicitors, Galloways receives a referral fee of 180.00 inc VAT per referral.
For MAP Surveyors, Galloways receives a referral fee of 50.00 inc VAT per referral.
For mortgage and financial services, Galloways may receive a referral fee, the amount of which depends on the property value and mortgage level. Details are available on request.
You are under no obligation to use any of the recommended providers. Should you accept our recommendation, the relevant provider is expected to pay us the corresponding referral fee. This referral fee is separate from your obligation to pay Galloways own fees or commission.
Tenant Fee Information
(For all new Assured Shorthold Tenancies signed on or after 1st June 2019)
Holding Deposit One weeks rent. Retained only if you withdraw, fail a Right-to-Rent check, provide false or misleading information, or fail to sign the tenancy agreement/guarantee within 15 days.
Tenancy Deposit Up to five weeks rent (annual rent under 50,000) or six weeks rent (annual rent 50,000 or above).
Late Rent Payments Interest at 3% above the Bank of England base rate from the rent due date until paid (applies once rent is 14+ days in arrears, backdated to the due date).
Lost Keys / Security Devices Cost of replacement. If locks must be changed, tenants are responsible for the locksmith, new lock, and replacement keys.
Tenancy Variations / Changes 50 (inc. VAT) per agreed change. This covers landlord instructions, preparation of legal documents, and change-of-sharer situations, including associated legal costs.
Early Termination If you leave before the end of your tenancy and the landlord agrees, you will be liable for the landlords costs to re-let the property, plus rent due until a replacement tenancy commences.
Utility Payments Tenants remain responsible for all utility bills, Council Tax, and TV license, unless otherwise agreed. Refer to your tenancy agreement for details.
Regulatory Memberships
Galloways is a member of Propertymark (ARLA & NAEA) and The Property Ombudsman (TPO). Client money is protected through CMP.



Features
  • Freehold

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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

£ 559575

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
    £ 16875
  • 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

£ 53325
  • 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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