4 bedroom detached for sale

£950,000

4

Bedrooms

3

Bathrooms

Floorplan

This stunning detached family home is nestled on the popular South side of Shirley on a quiet road that still has fantastic transport links as well as great access to local schools.

The property itself benefits from having a huge driveway with parking for 4 or more cars as well as a garage space.

The interior is also presented in amazing condition having only been built 8 years ago, and the owner has managed to keep it in a brand new condition.

Downstairs there is a large living room perfect for settling down of an evening, but also the hub of the house, a large kitchen diner space perfect for entertaining overlooking the lovely rear garden through large bifolding doors. The downstairs also benefits from having a utility room, a wc and a study that is great for working from home.

Upstairs the property features 4 double bedrooms and a large four piece family bathroom. As well as this two of the bedrooms have modern en suite shower rooms.

Other benefits include side access, and a well maintained rear garden space.

Call now to arrange a viewing!

DIRECTIONS
Bennetts Avenue is located in between Bennetts Way and Shirley Way, just seconds away from the 194 bus route.

TRANSPORT
West Wickham 1.3 miles
Eden Park 1.4 miles
Elmers End 1.8 miles
Hayes (Kent) 2.2 miles
East Croydon 2.3 miles

SCHOOLS - INFANTS & PRIMARY
Harris Primary Academy Benson 360 yards
St Johns CofE Primary School 720 yards
Forest Academy 830 yards

SCHOOLS - SECONDARY & COLLEGE
Shirley High School Performing Arts College 800 yards
Coloma Convent Girls School 0.6 miles
Orchard Park High School 0.7 miles

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 775200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 23750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 62700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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