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£720,000 Offers in excess of
Bedrooms
This double fronted detached home was built circa 1950 and now comes to the market with vacant possession having been re decorated and carpeted throughout but still allows for some updating and refurbishment along with great possibility of extension subject to the usual consents. The property has a private driveway leading to garage and front door leads to a large entrance hallway. The lounge is double aspect with doors opening to the rear garden and separately is a dining room with kitchen to the rear overlooking the rear garden. There is also a cloakroom to the ground floor. Off the kitchen to the side is a covered area ideal for a utility room with internal access to the garage. To the first floor are 4 bedrooms and a family bathroom.
Externally is a fantastic sized rear garden being approximately 150 in length and mainly laid to lawn enjoying side access to the front.
Viewing of this NO CHAIN HOME IS HIGHLY RECOMMENDED
Selcroft Road is superbly located within walking distance of Purley Station. The road is wide, leafy and green and provides a wonderful open feel with an array of bespoke properties. Purley Town Centre is within walking distance where an abundance of restaurants and establishments can be found. The Godstone Road provides easy access to the M23/25 motorways.
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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