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£535,000 Offers in excess of
Bedrooms
Bathrooms
Superbly presented four-bedroom terraced family home set on this popular residential side road in the heart of South Norwood. This lovely home is offered in good condition, offering lots of space and light throughout!
With four bedrooms, three being spacious double rooms and a lovely tiled four piece upstairs bathroom it is the perfect family home. The master room in the loft gets plenty of natural light and has a modern ensuite shower room.
The property comes with a spacious through reception room, an extended modern fitted kitchen which leads onto a very sunny paved low maintenance rear garden.
Situated in a great location close to bus and tram services to Victoria, London Bridge and Gatwick, whilst Norwood Junction station with its fast trains (12 minute) into London Bridge and Victoria is within walking distance and offers excellent services to Central and North London. Harrington Road Tram Stop is also close by meaning you can leave your front door and be in Central London in less than 35 mins!
DIRECTIONS
Brooklyn Avenue runs between Lonsdale Road and Love Lane, closely situated next to South Norwood Country Park and ideally placed for access to Norwood Junction Railway Station and South Norwood Leisure Centre. The area has many Schools for children of all ages and Churches for all denominations. South Norwood High Street offers a vast selection of local shopping and bus serves into surrounding locations.
TRANSPORT
Harrington Road Tram Stop:0.1 miles
Norwood Junction 0.5 miles
Elmers End 0.7 miles
Birkbeck 0.8 miles
SCHOOLS - INFANTS & PRIMARY
St Marks Church of England Primary Academy 650 yards
South Norwood Primary 860 yards
Oasis Academy Ryelands 0.5 miles
Heavers Farm Primary School 0.6 miles
St Chads Catholic Primary School 0.6 miles
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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