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2 Bed Flat For Sale The Park, Sidcup, DA14

£255,000- Flat

Yield: 5.65%
1 of 7
Yield: 5.65%
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  • Rental Guide: £1,050 - £1,200
  • 2 Bedroom(s)
  • Description
  • Street View
  • Maps

Key Features

  • Two Bedroom Ground Floor Apartment
  • Ideal First Purchase
  • Secure Communal Entrance
  • Garage En Bloc
  • Chain Free
  • Communal Grounds
  • Easy Access To Local Shops And Restaurants
  • Convenient For Transport Links
Last Updated: 21st December 2019

Description

FULL DESCRIPTION We are pleased to offer for sale this two bedroom ground floor apartment which we feel would make a great purchase for anyone looking to downsize or for a first time buyer. The property briefly comprises: Secure communal entrance, entrance door, entrance hall with lots of storage, lounge, kitchen, 2 bedrooms and bathroom.

Externally there is a garage en bloc and communal grounds.

This property is located in a sought after tree lined road and offers easy access to the local high street with its variety of shops and restaurants as well as transport links. *Chain free*
 

Communal entrance  

Entrance hall  

Lounge 16' 10" x 11' 5" (5.13m x 3.48m)  

Kitchen 11' 3" x 7' 0" (3.43m x 2.13m)  

Bedroom one 13' 5" x 9' 1" (4.09m x 2.77m)  

Bedroom two 10' 9" x 7' 7" (3.28m x 2.31m)  

Bathroom  

Outside Communal grounds
Garage en bloc (garage no 3) and visitors parking bays. 

ADDITIONAL INFORMATION The following information has been supplied by the vendor and should be verified by the purchaser and /or solicitor prior to exchange of contracts.

Lease: 99 years from 6th Jan 2011 (90 years remaining)
Service Charge: £2,160 per annum including buildings insurance
Ground Rent: £240 per annum
Council Tax: Band C £1492.35 per annum. London Borough of Bexley - Tel: .  

Nearby Stations

  • Sidcup Rail Station (0.8 miles away)
  • Albany Park Rail Station (1.4 miles away)
  • New Eltham Rail Station (1.6 miles away)
  • St Mary Cray Rail Station (2 miles away)
  • Chislehurst Rail Station (2.2 miles away)

Nearby Schools

  • Benedict House Preparatory School (0.4 miles away)
  • The Oval (0.4 miles away)
  • Chislehurst School for Girls (0.5 miles away)
  • Orchard Primary School (0.5 miles away)
  • West Lodge School (0.6 miles away)
Agent Details
Drewery Property Consultants
128, Station Road, Sidcup, DA15 7AF
Show Contact Number
020 8300 6761

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
5.2

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£7650
9.1

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in proximity are mostly listed £1,050 - £1,200 – 5 recently listed properties were found in that band. However, the highest were £1,250, £1,250, £1,250.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested