Description

A light, bright and homely one bedroom conversion flat for sale with private entrance and off street parking.

Tastefully decorated and positioned at the rear of the building, this ground floor property offers a quiet and tranquil retreat and a perfect first time purchase.

Including an open plan living area with ample space for lounging and dining, stylish kitchen with integrated dishwasher, contemporary shower room, and double bedroom overlooking the west facing gardens.

The location is well Continued...

Letting fees

Landlords Letting, rent collection and fully managed service 18% inclusive of VAT •Market appraisal of property and summary of current market in local area •Pre market inspection of the property with regard to cosmetic and legal requirements and highlighting area(s) of improvement needed before tenancy commences •Full marketing package including all major web portals and Pedder network wide marketing •Accompanied viewings •Tenant vetting •Regular viewing updates and real time monitoring of the local market •Obtaining tenant(s) identification and written consent for independent referencing for all tenants •Performing the initial check of the identification provided by all tenant(s) with reference to the Right to Rent Act •Collating the necessary safety certificates before the tenancy commences and instructing where applicable (contractor fees applicable) •Arranging pre tenancy works (contractor fees applicable) including check in inventory and any required maintenance for cosmetic and legal purposes •Drawing up of all tenancy paperwork based on terms agreed and arranging for all parties to sign •Arranging for all relevant legal documents to be sent to the tenant pre tenancy commencement •Meeting tenants at the property for key hand over on move in day and legal checking of smoke and carbon monoxide alarms •Designated property manager overseeing the tenancy including rent, renewal of required certificates and tenancy renewals •Rent generation and collection and real time arrears monitoring through linked accounts •Renewal negotiation with the tenant at the end of the term ensuring that the tenancy is renewed in line with market conditions •Re checking Right to Rent criteria is met at renewal or as appropriate •2 property inspections per annum provided access is granted by the tenant to check property condition •Management of a maintenance fund on your behalf and the instruction and management of contractors and works undertaken (separate contractor fees apply) •Designated property manager overseeing all elements of the tenancy including maintenance *additional fees will apply dependent on the service level required A full breakdown of fees will be made available in Pedder’s terms and conditions. Tenants In accordance with the Tenants Fee ban which comes into force for tenancies commencing after 1st June 2019, incoming tenants will only be required to pay their first month’s rent and deposit in advance. Tenants will be subject to the Right to Rent Immigration Act and financial and landlord referencing via an independent third party provider who will be introduced to the tenant upon the successful acceptance of an offer. Under the Tenant Fee ban act, Pedder are able to request a one week holding deposit to secure the tenants offer on the property. The act specifies that the tenancy must commence within fifteen days of the holding deposit being taken unless this is mutually agreed by both parties in writing i.e. Via email. Pedder will either refund the holding deposit upon completion of the references and receipt of the first month’s rent. Alternatively, the holding deposit can be added to the first month’s rent. A full list of default fees will be made available to tenants upon registering with Pedder. Pedder have partnered with Zero Deposits to offer tenants whose landlords wish to use a deposit replacement scheme. Pedder will advise you from the outset which properties are being offered with the Zero Deposit policy as an option alongside the traditional deposit. Full details on the Zero Deposit policy can be found at A full breakdown of fees will be made available in Pedder’s terms and conditions which will be provided at the point of valuation. We are a member of The Property Ombudsman Scheme (tpos)

Property features

  • Conversion with private entrance
  • Light and bright accommodation
  • Communal gardens
  • Parking on a first come, first served, basis
  • Document
Travel time to work:

  • Lower Sydenham - 0.72km, 11 mins walk
    • National Rail
  • Penge East - 0.87km, 13 mins walk
    • National Rail
  • Sydenham - 0.88km, 13 mins walk
    • Overground

Rental Yield

Average rental value

£205pw

Average weekly rent of nearby 1 beds.

Annual rental yield

3.6%

Gross yield if rented for the average rent.

Sale price

Average asking price

£254,389

Average asking price of nearby 1 beds.

Value for money

18% more expensive

This property is more expensive than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Pedder - Sydenham
Darley House 14 Sydenham Road, Sydenham, SE26 5QW

020 3641 5734

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