8/8/2019 Croydon Lease Option Brochure MIP

1/6

5 or 7 Year Lease Option Deal Croydon, London

3 Bed Mid Terrace - Croydon

Packaged Property Deals, Leaving you time for more important things.

8/8/2019 Croydon Lease Option Brochure MIP

2/6

P a g e | 2

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Property DetailsSouthcote Road, Croydon, London, SE25Accommodation comprises of:

Hall, Lounge, Kitchen, 3 Bedrooms.

Structure of deal:

Market value 255,000 Investor price 257,000 5 years or 280,000 7 Years Estimated rent 1,150 per month (single let) Mortgage payments 770 5 or 7 Year Lease Options available Investment required - 9,995+vat Legals included

Financial details:

Investment required for lease option is 9,995+vat

Rental cashflow (as standard property 380 per month) With tenant buyer, cashflow rises to 550 per month (we can help you find a tenant buyer) Split household (multi-let with 4) rises 700 per month Return on investment in 12 months No mortgage required No credit checks required No applications Recommended & experienced solicitors used Funds in Escrow until completion Profit (after 12 months) 7,000 per annum for 7 years Profit during life of lease option 49,000+capital growth (minus tax and disbursements)

8/8/2019 Croydon Lease Option Brochure MIP

3/6

P a g e | 3

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Photos

8/8/2019 Croydon Lease Option Brochure MIP

4/6

P a g e | 4

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be skilled older families living in terraces.

These are known as type 39 in the ACORN classification and 2.8% of the UK's population live in this type.

Neighbourhoods fitting this profile are found in Coventry, Stevenage, Gosport and Outer London suburbs such

as Enfield, Sutton, Dartford and Romford. In some ways these areas exemplify the changing pattern of

economic life over the past 10 or 20 years.

Once blue-collar areas, they are now home to office and clerical workers in addition to skilled workers. It is

likely that the family will have two wage earners and with unemployment relatively low overall, family

incomes are around the national average.

While a mix of people live in these streets, there are relatively few pensioners and more families with children

These people have worked hard to own their three bedroom terraced houses. Remortgaging, whether to

switch to more economical repayments or to extend borrowing, is relatively frequent. They may similarly

switch utility providers to seek the best deals. Some prudently protect their mortgage repayments against any

misfortunes in the future. Others may be planning to improve their home in some way. These are all

indications that these households are careful with money.

Purchasing power may be limited, spending on credit cards is low and a range of loyalty cards are used.

However, most households will run at least one car and take regular holidays in Europe and the

Mediterranean.

Cable TV is popular, as are sports like football and rugby. Many residents are also keen DIY enthusiasts.

8/8/2019 Croydon Lease Option Brochure MIP

5/6

P a g e | 5

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Rental Comparables

8/8/2019 Croydon Lease Option Brochure MIP

6/6

P a g e | 6

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Sales Comparables