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£875,000 Offers over
Bedrooms
Bathrooms
We are pleased to offer this substantial and imposing double fronted Mock Tudor style detached residence with four good sized bedrooms. There is an in and out drive with parking for several vehicles along with a car port to the side and garage. Located in one of South Norwoods most sought-after areas being close to the picturesque Norwood Lake. Upon entering, you are welcomed by a spacious and impressive hallway with a striking central staircase. The ground floor features two generously sized reception rooms which are on either side of the hallway, a recently refitted modern kitchen with a range of stylish wall and base units and a downstairs WC. Upstairs, the property offers four well-proportioned bedrooms and a spacious family bathroom, providing ample accommodation for families. Additional highlights include a good-sized rear garden, an integral garage, and, in our opinion, excellent potential for extension (subject to the necessary planning consents). Norwood Junction BR/Overground Stations with its excellent links into London is nearby. This exceptional home has not been on the market for over 30 years, and we highly recommend early viewing to fully appreciate the opportunity on offer.
Tenure: Freehold | EPC Rating: D | Croydon Council Tax Band: D
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.
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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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