Apartment for sale

£379,950

RETIREMENTMOVE - THE INDEPENDENT RETIREMENT SPECIALISTS are delighted to be marketing BRAND NEW 1 & 2 Bedroom apartments in Selsdon designed by Churchill Retirement Living.Sanderson Lodge is a new development of 37 one and two bedroom retirement apartments in Selsdon, an affluent suburb in South Croydon. These new homes are located close to a bustling high street, with a wide range of shops and amenities within walking distance. 1 BEDS FROM 379,950- 2 BEDS FROM 511,950''CALL NOW TO BOOK AN APPOINTMENT TO VIEW SHOW COMPLEX OR REGISTER INTEREST''

Sanderson Lodge
All apartments at Churchill Retirement Living are completely self-contained with their own front door, providing you with privacy and peace and quiet when you want it. There is a choice of one and two bedroom apartments and they may all vary slightly when it comes to dimensions and position of rooms.Our new retirement homes are located in Selsdon, a popular area of South Croydon.Selsdon boasts a bustling high street with a wide range of both local and national retailers, while a variety of restaurants and coffee shops are readily available in the surrounding areas. A Sainsburys is situated nearby with a library next door. The prestigious Selsdon Park Hotel has made the area iconic, as it was the venue for the 1970 meeting of the Conservative Shadow Cabinet to complete the party manifesto for the general election. It was also responsible for the phrase Selsdon Man that Harold Wilson used to summarise the free market approach that had been agreed. Selsdon Wood is open to the public and this National Trust site is popular with dog walkers and nature enthusiasts. It strikes the perfect balance between woodland and suburban life, making Selsdon a popular place to live.
Kitchen
Kitchens are tiled with colour-coordinated worktops, and come fully fitted with a waist-height oven, hob, hood and fridge/freezer. Most of these developments also have integral washer/dryers fitted in all apartments as standard.
Master Bedrooms
The master bedrooms have fitted mirror-front wardrobes as well as TV and telephone points, with even the smallest details considered.
Shower Rooms
The apartments come with tiled shower rooms as standard, while some of them have separate en-suites and cloakrooms as well all designed for ease of use and with the needs of customers in mind.
Facilities
The development will have the following typical specification:Fitted kitchen with built in oven, hob, fridge/freezer and washer/dryerFitted and tiled shower roomEasy-turn lever tapsHeated towel rail in shower roomFitted mirror wardrobe to main bedroomIlluminated light switchesDouble glazed windowsOn-site Lodge ManagerCamera entry system24 hour Careline support systemIntruder alarm systemEnergy efficient and economical heatingLift to all floorsConstructed to NHBC standardsRooftop terraceRooftop loungeOwners Lounge with Coffee Bar on ground floorWellbeing SuiteGuest Suite

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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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 316158.75

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
    £ 9498.75
  • 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

£ 31196.25
  • 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.

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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

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  • 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

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  %

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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