3 bedroom detached for sale

£700,000 OIRO

3

Bedrooms

Floorplan

Set well back from the road, in a sought-after area close to Whitfgift School, this handsome detached house stands in a very large plot of just less than a quarter of an acre providing tremendous potential to extend to both the side and the rear (STPP) without compromising on outside space.

The accommodation presently affords an entrance lobby, hallway, 23 L-shaped double reception room with bi-folding doors onto the large rear terrace, a downstairs cloakroom/wc, a modern fitted kitchen with utility area, landing, three double bedrooms and a stylish shower-room/wc. Features to note include gas heating and double glazing.

Externally there are large gardens to the front and rear. The front is partially paved and had a driveway leading to the detached garage, providing plenty of parking space. The rear garden is especially generous and enjoys a sunny Westerly aspect. Laid mostly to lawn, there is also a large paved terrace providing the perfect place for family BBQs and Summer sundowners!

For commuters, the mainline station at South Croydon is approximately a 10 minute walk away and there are regular bus services nearby towards Purley, East and West Croydon. The property is also centrally located for supermarkets, restaurants and entertainment.

The renowned Whitgift School is very close at hand, whilst Aerodrome Academy primary school, Regina Coeli Catholic primary, Cumnor House primary, and the Harris Academy secondary school are all under half a mile away. Krishna Avanti school and popular grammars -Wilsons, Wallington County Grammar and Wallington High School are just a 5-15 minute drive away.

Call the sellers sole agent, Martin & Co Croydon, now for an appointment to view!

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

£ 580200

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
    £ 17500
  • 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

£ 55200
  • 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.

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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

Adjust these figures

  %

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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