This presents an outstanding opportunity to acquire a superb, spacious 2-bedroom apartment at a great price. Situated above a quiet office, the property is well maintained and would make a great first home. It also has its own small terrace where you could place plants etc to make it your own little nirvana.It is located in the heart of Sanderstead, known for its great schools and community spirit. The park and gruffy are just yards away, as well as a Waitrose, independent coffee shops and host of other establishments along the parade.Should you be an investor, the flat is currently leased under an Assured Shorthold Tenancy (AST) agreement, generating an impressive annual gross income of 21,000. You'll appreciate the attractive 7.2% yield on your initial investment.Council Tax Band: C (Croydon)Tenure: Leasehold (90 years)Ground Rent: 300 per yearService Charge: 0 per year (reviewed every 0 years)Leaseholder responsible for 25% of the insurance premium
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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