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Property ID : 1013

For Sale £280,000.00 - Investment Property, Residential, Student Property
35 msq 1 Bedroom 1 Bathroom
 
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ID 1013

Purchase price, starting from
£210,000

Price Range: £210,000 to £333,000
Size range: 323sqft / 30sqm to 495sqft / 46sqm
Completion: April 2016
Leasehold: 999 years
Total Units 46 units (43 one-beds & 3 two beds)
Parking: 1 bay for each unit @ £23,000 each
Ground rent: £400 per annum
Expected rental: £238 pw for one-beds £287 pw for two-beds (increment by 5% yoy)
Service Charge Payment terms: £2.00 /sqft (est)

£5,000 reservation deposit + 20% of purchase price (less deposit) on exchange; balance 80% on completion
10 year NHBC Building Warranty.

Location

  • Mitcham is only 17 minutes from central London and provides an opportunity to invest into London property at a more affordable level
  • A major regeneration project is underway and the whole area is experiencing growing demand from young professionals looking for better value for money from the more affluent neighboring towns
  • It is a beautiful area made up of numerous historic greens, buildings and designed landscapes and is fast becoming an investment hotspot.
  • Situated in the London Borough of Merton, London’s greenest borough.
  • Area of Affluence – Mitcham has the 4th highest concentrations of streets where properties are worth over £1 million in the UK after Central London, Richmond and Guildford
  • Parks & Recreation – Brook House is only a 3 minutes walk away from Canons Leisure Centre and 6 minute walk from Mitcham Common giving quick and easy access to 460 acres of open space and a golf course.
 Mitcham is on the Croydon Tramlink providing easy access to Wimbledon and Croydon with Train, Bus and Tram routes.
The addition of Mitcham Eastfields railway station (Zone 3) in June 2008, has improved transport links. It is served by Southern and Thameslink with direct trains to London Victoria, London Bridge, Blackfriars, City Thameslink, St Pancras railway station for the Central London stations.
London Tramlink also serves Mitcham with 4 stops in the area. Providing a direct service to Wimbledon, Croydon and New Addinton.
It is centred 7.2 miles (11.6 km) south-west of Charing Cross. Boasting 460 acres of South London’s open green space in the form of Mitcham Common. The area around the Cricket Green has some lovely properties.

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