2 bedroom house for sale

£575,000 Offers over

2

Bedrooms

1

Bathrooms

Floorplan

A vibrant and characterful two bedroom hall floor period conversion forming part of an attractive brick-fronted Victorian building positioned directly next to Norwood Park in Crystal Palace.

This stunning property has been enhanced and improved by the current owners to offer elegantly finished accommodation with excellent room proportions. They have created a fun, comfortable, and unique place to call home. The larger bedroom boasts high ceilings, coving, and stripped wood flooring, and is luxuriously spacious with a sunny shuttered bay window and fitted wardrobes. The kitchen is neatly tucked away with maximised use of space and features solid wood countertops and satin copper handles. The bathroom includes clean white sanitary ware, matt black fittings, and a heated towel rail, whilst the second bedroom works perfectly as an occasional guest room and home working space, overlooking the garden. The heart of the property is a sizeable reception room which extends to 19ft 7 and is a warm and inviting area for dining and relaxing. There is stripped wood flooring, period features and French doors which are framed by lush greenery.
Externally there is a large private rear garden with a patio seating area and a storage shed. This unusually generous outside space offers ample options for the green fingered, also a quiet tranquil spot to enjoy a good book or entertaining with friends and family.

Further points to note include a share of the freehold and no onward chain.

Located next to the park and boating lake (ideal for joggers and dog walkers), this sought after road enables ease of access to Crystal Palace station and the bustling Triangle at the centre of town.

A must-see property.

EPC: C | Council tax band: C | Lease: 991 years remaining | SC: 0 | GR: 0 | BI: TBC

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

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 14375
  • 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

£ 45825
  • 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

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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