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£670,000
Bedrooms
Bathrooms
A charming, three-bedroom terraced family home that embodies the classic 1930s style ,which we are informed has been in the same family ownership for about 40 years. Situated in the sought-after Norwood Lake area, the property offers the added convenience of off-street parking at the front. The house is presented in excellent decorative order throughout and boasts a bright, airy living room with a beautiful bay window and stripped wooden flooring, enhancing its timeless charm. The ground floor also features an open-plan, recently refitted kitchen/diner with a breakfast bar that overlooks a delightful rear garden, complete with a decking area ideal for outdoor dining and relaxation. Upstairs, there are three bedrooms. One of the secondary bedrooms comes with fitted wardrobes for extra storage space. The newly refurbished family bathroom is modern, featuring stylish fixtures and a rainfall shower. The home is conveniently located near Norwood Junction BR/Overground Station, making commuting easy. Given its appeal and location, early viewing is highly recommended to avoid disappointment.
Tenure: Freehold | EPC Rating: C | Croydon Council Tax Band E | Electric charger installed at the property - No building regulations found
We carry out best endeavours to make our marketing material accurate and reliable, however they do not form part of any contract and are not to be relied upon. Any buyers are advised to seek verification from their solicitor or surveyor. For broadband and mobile phone coverage at the property in question please visit:
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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