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£875,000 Offers in excess of
Bedrooms
Bathrooms
Set on one of South Norwoods most sought-after roads near the picturesque Lakes, this double-fronted Mock Tudor detached home offers a great potential and flexible living space - perfect for growing families. Just a short stroll from the bustling High Street, youll find a wide range of local shops, independent cafs, eateries, and excellent transport links including Norwood Junction Station, which offers direct access to London Bridge in just 13 minutes, as well as convenient Overground connections.
This much-loved family residence is ideally positioned near a selection of well-regarded primary and secondary schools and boasts access to beautiful open green spaces - perfect for weekend adventures.
As you arrive, youre welcomed by an impressive driveway with parking for at least six vehicles. Inside, the sense of space continues with a grand 1211 entrance hall leading to two generously sized reception rooms, a 192 study, and a modern kitchen. Upstairs, youll find four well-proportioned bedrooms and a spacious family bathroom.
Additional features include an integral garage, a large rear garden complete with a charming koi pond, and fantastic potential to extend into the loft or to the side - subject to planning permission.
This is a rare opportunity to make your mark on a truly special home. Dont miss out - book your viewing today
DIRECTIONS
Lancaster Road is situated off Southern Avenue, which is located off South Norwood Hill. The locality is well served by Norwood Lake Park and South Norwood High Street with a variety of shopping facilities, supermarkets, banking outlets and Norwood Junction Railway Station which offers frequent links into London.
The popular Crystal Palace Triangle, the acclaimed Crystal Palace Park and National Sports Centre is also close by, offering a variety of leisure pursuits.
TRANSPORT
Norwood Junction (Approx. 0.6 miles)
Harrington Road Tramlink (Approx. 0.9 miles)
Crystal Palace (Approx. 1.0 miles)
Anerley (Approx. 1.3 miles)
Birkbeck (Approx. 1.4 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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