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£650,000
Bedrooms
Bathrooms
This delightful detached home is located on the sought after Poets Estate in the heart of Old Coulsdon. Features include three bedrooms with en suite to bedroom 1, garage, driveway, level rear garden and no onward chain.
The accommodation, presented over two floors, offers substantial space for a variety of family types. The ground floor consists of two main reception rooms; the front aspect lounge and dining room overlooking the garden, which is adjacent to the kitchen. Allowing side access to the property and handily located next to the kitchen is a utility room. There is also a downstairs cloakroom. Stairs rise to the first floor where all three bedrooms are located, along with the family bathroom.
Outside, to the front the property provides off street parking as well as a garage. To the rear is a level garden mainly laid to lawn and ideal for young children to play and for outdoor entertaining.
Situated in a cul de sac location there is however a choice of buses on the Coulsdon Road to Caterham, Coulsdon and Croydon, and a choice of stations at Smitham, Reedham and Coulsdon. There are a number of schools for children of all ages within the area, together with health clubs and recreational facilities, including Coulsdon Court Golf Course and Old Coulsdon Bowls Club.
Map location is not available for this property.
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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