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£440,000
Bedrooms
Bathrooms
This beautifully presented and characterful two-bedroom home offers spacious, modern living in a prime South Norwood location. The property features two generously sized double bedrooms, including a main bedroom with en suite, a bright and airy reception room, a sleek family bathroom, a contemporary fitted kitchen, and a lovely private garden, perfect for relaxing or entertaining guests.
Situated on Cresswell Road, this home is ideally located for commuters. Norwood Junction Station is just a short walk away, offering direct services to London Bridge and London Victoria, as well as fast and convenient connections across the capital via the London Overground. Travel effortlessly to Highbury & Islington via Shoreditch High Street, no need to change trains.
Just one stop from East Croydon, youll also have easy access to the Gatwick Express, connecting you directly to Gatwick Airport and beyond.
In addition to its outstanding transport links, the home is close to a fantastic mix of local amenities found on Portland Road and South Norwood High Street. Enjoy independent cafes and restaurants such as Shelverdine Goathouse, The Craft Beer Cabin, and Mamma Dough.
Outdoor enthusiasts will love the proximity to South Norwood Country Park and Norwood Lakes, ideal for scenic walks, cycling, or simply unwinding in nature.
DIRECTIONS
Cresswell Road is situated off Harrington Road, which is located off Portland Road (A215). The locality is well served by local High Street shops, restaurants, South Norwood Country Park, Harrington Road Tramlink stop and Norwood Junction Railway Station. Nearby Schools include St Marks CofE Primary (approx 0.22 miles), South Norwood Primary (approx 0.28 miles), Ryelands Primary (approx 0.40 miles) and Harris Academy Secondary, South Norwood (approx 0.40 miles).
TRANSPORT
Norwood Junction (0.3 mi)
Harrington Rd (0.4 mi)
Arena (0.6 mi)
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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