3 bedroom terraced for sale

£625,000 Offers over

3

Bedrooms

2

Bathrooms

2

Reception

Welcome to your new home at London Road, Thornton Heath, CR7 7. This stunning 3-bedroom, 2-bathroom house is now available for sale at an asking price of 625,000. Situated in a vibrant and prosperous area, this property is surrounded by an array of amenities and conveniences, making it an ideal choice for families and professionals alike.

Boasting a prime location, this property is within close proximity to some of the most popular schools in the area, including Winterbourne Nursery & Infants School, Winterbourne Boys Academy, and Winterbourne Junior Girls School, all within 0.18km. Additionally, for higher education, Jean Language & Tuition Centre, LH Consulting & Education, and London College of Computing & Management are all within easy reach.

Convenience is at your doorstep with Tesco Express (0.08km) and a range of restaurants such as The Grill Shack, Yeungs, The Island Favourite, and The Cage, all within walking distance. For commuters, the property is conveniently located near the Norbury, Goldwell Road bus stop (0.41km) and Thornton Heath railway station (1.1km).

Furthermore, the property is in close proximity to Croyden P B C hospital (0.64km), DR GOONERATNE AND DR SIDDIQUI doctors practice (0.22km), and Cranston Chemist pharmacy (0.19km). Fitness enthusiasts will appreciate the nearby Nuffield Fitness & Wellbeing Centre (0.85km).

In addition to its convenient location, the property is surrounded by various entertainment options, including Club 791 and The Hallway for nightlife, Vue Croydon Purley Way and Vue Croydon Grants for cinema experiences, and Thornton Road Retail Park for shopping.

Surrounded by parks and recreational areas like Mayfield Road Playground, Donnelly Green, Pollards Hill Children Park, and Pollards Hill Recreation Ground, this property provides a perfect balance of urban living and green spaces.

This property is a rare find, offering the perfect blend of convenience and comfort in a thriving community. Dont miss out on this exceptional opportunity to own a home in one of Thornton Heaths most sought-after locations.

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

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 15625
  • 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

£ 49575
  • 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

Adjust these figures

  %
  %
£
  %

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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