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£650,000
Bedrooms
Bathrooms
Viewings are highly advised on this superbly presented end of terrace, four bedroom family home, situated in a highly sought after location, within walking distance to East Croydon station.
The ground floor comprises a modern living / dining room with french doors on to the garden and a feature skylight which floods the room with natural light, a good size kitchen offering ample space for keen cooks, a garage which has been converted to a laundry room and downstairs shower room.
Upstairs, the property boasts four fantastic size bedrooms with new carpets (and two with built in wardrobes), two three piece bathrooms suites and feature landing which over looks the dining area.
Outside, the rear offers a wrap around garden which is the largest garden on the road and to the front is a driveway with parking for 3 cars.
Tipton Drive is a quiet cul-de-sac is the desirable Park Hill area, which is well known for its close proximity to popular schools and favourable position for commuters, being within walking distance to East Croydon station offering frequent services to London Bridge and Victoria. Alternatively, Lloyd Park tram stop is also very close to hand.
DIRECTIONS
Tipton Dive is a quiet cul-de-sac off Brownlow Road. Walking distance to East Croydon and South Croydon train station, local bus routes, Lloyds Park and some outstanding school
TRANSPORT
South Croydon 680 yards
East Croydon 0.7 miles
West Croydon 1.1 miles
Sanderstead 1.3 miles
Waddon 1.3 miles
SCHOOLS - INFANTS & PRIMARY
Park Hill Junior School 560 yards
Park Hill Infant School 600 yards
Heathfield Academy 0.5 miles
St Peters Primary School 0.6 miles
Harris Primary Academy Haling Park 0.7 miles
SCHOOLS - SECONDARY & COLLEGE
Cambridge Tutors College 360 yards
Archbishop Tenisons CofE High School 510 yards
Coombe Wood School 0.5 miles
Croydon Metropolitan College 0.6 miles
Ark Blake Academy 1 mile
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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