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£285,000
Bedrooms
Bathrooms
Adjacent to Waitrose in the heart of Sanderstead Village - Yew Tree Court. A beautifully presented one bedroom first floor apartment which forms part of a sought after McCarthy & Stone development built circa 2014 and features a lift, communal lounge, conservatory, well manicured gardens, kitchen, guest suite, electric buggy store and House Manager together with alert system. Council Tax Band C. EPC Rating B. No Onward Chain. Lease 125 years from January 2014. Ground Rent 495 yearly. Service Charge 4,297.87 per annum. Communal Entrance Hall with entry phone system and lift service together with stairs: Entrance hall leading to spacious 24 west facing lounge with balcony overlooking Sanderstead High Street, separate kitchen with integrated oven, fridge and washing machine. Double Master bedroom with walk in wardrobe and shower room located off the hallway. Electric Wet Underfloor Central Heating System with individual room stats and cost included within the maintenance charge: Communal Gardens with extensive patio area and pergola: Electric Buggy Store: Guest Suite: Communal Lounge with Kitchen Area & Conservatory: House Manager (9am-2pm Mon-Fri): Emergency Alert System: Age Restriction 60 and over (if a couple then only one needs to be of the age): Car Parking Spaces to rent.Yew Tree Court is located along the Limpsfield Road opposite Sanderstead Park by Waitrose and Sanderstead parade of shops being within reach of All Saints Church, The Gruffy and village pond, a choice of tennis, cricket and golf clubs, churches, walks in Kings Wood and recreation park and bus services to Warlingham, Croydon, Purley and Selsdon.
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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