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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
This charming double fronted character detached family home is located in a sought after road in West Purley, occupying a sizeable plot. With the potential to extend (STPP) and with the current owner already suited on their forward move, your next home is closer than you think.
Approaching the property is via a sweeping in and out gravel driveway. The large entrance hall, has a sizeable under stairs storage cupboard as well as a cloakroom. The dual aspect lounge has a beautifully ornate fireplace at the heart of the room, with storage units, wood panelling and has double patio doors opening out to the rear garden. The dining room is set to the front and has a large bay window, which floods the room with light. A family room is located at the rear of the property, with a patio door accessing the garden and an archway leading through to the kitchen/breakfast room. This dual aspect extended room has a range of matching wall and base units, tiled floor and access to the front and rear.
On the first floor are three double bedrooms as well a nicely proportioned fourth bedroom. There is the added bonus of the main bedroom having an ensuite dressing room as well as a family bathroom.
Outside to the rear is a mature level rear garden with trees and shrubs, paved seating area, large lawn area and side access.
Set to the front is a detached garage as well as off road parking for several vehicles. The property is located in the catchment area for several popular schools catering for all age groups as well as public transport. With in easy reach of both Purley and Coulsdon South train station, which access London as well as the coast.
Council Tax Band: G
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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