1 bedroom house for sale

£250,000 Offers in excess of

1

Bedrooms

Located on Sanderstead High Street and next to Waitrose Supermarket is this delightful ground floor 1 double bedroom apartment built approximately 7 years ago by McCarthy & Stone. The property is extremely well presented and benefits from new carpet throughout. The hallway leads to a lovely lounge/diner with casement door leading to a patio area and flower bed surround. Off the lounge is the well fitted kitchen having integrated appliances to include fridge/freezer, oven hob and extractor fan and washing machine. A range of pleasant modern units provides ample storage and a window overlooks the gardens. Off the hallway is the double bedroom with window again overlooking the garden area. This rooms boasts a large walk in wardrobe. Completing the property is a modern shower room with large walk-in shower, w.c and wash hand basin. A large storage cupboard is found off the hallway which also houses the water cylinder.
Yew Tree Court offers a pleasant communal lounge area for residents to enjoy which has a large communal kitchen area. Here the residents also enjoy get togethers to include coffee mornings and fish & chip supper nights. A guest suite is available for a small charge to hire for guests to stay. The communal gardens are well maintained and very private with ample seating areas to enjoy private space and family time or getting together with other residents.

Yew Tree Court is located on Limpsfield Road in the heart of Sanderstead Village. A Waitrose Supermarket is within a short level walk for everyday grocery needs and the village provides hair dressers, coffee shops and a Cook Shop amongst other independent outlets and restaurant facilities. The 403 bus route runs along Limpsfield Road and is a regular well used service providing access to neighbouring towns and villages from Warlingham Village through to Croydon Town Centre, passing by Sanderstead Station on the way.
This great 1 bedroom retirement apartment is a must see. Call us now to arrange your viewing

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

£ 208950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 6250
  • 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

£ 21450
  • 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

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£
  %

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

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  %

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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