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£660,000
Bedrooms
Bathrooms
Two Receptions Three Bedrooms Garage Driveway Potential to Extend (STPP)
) Next Step Estates are pleased to present this charming three-bedroom house located on the sought-after Litchfield Avenue in Morden. Nestled on a quiet residential street, this home offers a peaceful setting while being within easy reach of Morden town centre and a short walk from Morden South station. The location is particularly popular with families, thanks to its community feel and nearby amenities and schools such as Glenthorne High School and Morden Primary School
The ground floor features two spacious reception rooms, ideal for both entertaining and family living. The rear reception adjoins the kitchen and opens directly onto a private large rear garden, creating a seamless indoor-outdoor flow.
Upstairs, the property offers two generous double bedrooms, a larger than average single bedroom, and a newly renovated family bathroom. Further benefits include a private driveway, garage, and the potential to extend (subject to the usual planning consents). Offered to the market chain free, this is a fantastic opportunity for buyers looking to secure a family home with scope to add value.
EPC Rating: D
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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