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£525,000
Bedrooms
Bathrooms
James Chiltern Estate Agents are delighted to present this substantial four-bedroom Victorian end-of-terrace home, located on the sought-after Nova Road in Croydon.
Offering generous proportions throughout, the property comprises three spacious reception rooms, a kitchen, and a ground floor bathroom. On the first floor, there are three large double bedrooms, a further single bedroom, an additional family bathroom, and a separate WC.
The house benefits from gas central heating, double glazing, and a large private rear garden, which can be accessed via both the kitchen and the rear reception room.
While the property is in need of full modernisation/refurbishment, it offers huge potential for the right buyer. Subject to the usual planning permissions and building regulations, there is scope to further extend the home with a rear extension and loft conversion, making it an ideal opportunity for developers or those looking to create a bespoke family home.
Nova Road is ideally situated within walking distance of Croydon Town Centre, offering excellent transport links including rail, tram, and bus services. The area also boasts a wide range of shopping, dining, and leisure facilities, and is close to the proposed Westfield development, currently in progress.
Early viewing is highly recommended to appreciate the space, character, and future potential of this fantastic property.
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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