Description

Situated only 400m to West Norwood mainline station and 500m (approx.) to Tulse Hill mainline station making this well-proportioned two double bedroom apartment an ideal first time buy or buy to let investment. With a separate kitchen and ample storage this flat is well-presented! The property is located on the second floor with lift access to all floors and a balcony.

Viewings are highly recommended.

Letting fees

Preliminary Payment (Holding Deposit)
Once you have found a property and your offer has been accepted by the landlord, we will require a Preliminary Payment (Holding Deposit)
Between £500.00-£1,000.00 (depending on the value of the property), deducted from your final completion monies.
Standard Fees
Administration fees
We handle all the paperwork and provide a tenancy agreement for you and your landlord to sign. The fee is based on the size of the property, the number of tenants and rental value:
• Up to £1,500.00 pcm:£600.00 per tenancy
• Up to £2,00.000 pcm: £660.00 per tenancy
• Over £2,000.00 pcm: £poa per tenancy
References
Includes an employer’s reference to confirm your income to rent ratio for affordability, a credit history check, confirmation of residency and a previous landlord’s reference (if applicable).
• £60.00 per person

Initial Move in Monies
All the initial move in monies and will need to be paid in cleared funds to us 3 days prior to move in.
Security Deposit
The deposit will be protected as part of the tenancy deposit regulations; we use the industry renowned my|deposits. 6 weeks rent prior to moving into the property, this will be refunded to you at the end of the tenancy minus any deductions, if applicable.
Inventory Check In procedure
A convenient time will be arranged for you to meet with the inventory clerk to formally check you into the property. Prices vary according to the size of the property.
• Studio: £125.00
• 1 Bedroom: £145.00
• 2 Bedrooms: £155.00
• 3 Bedrooms: £175.00
• 4 Bedrooms: £190.00
• 5 Bedrooms: £210.00

Other fees that may apply
Express Administration
Within 5 working days or less
• £120.00
Abortive appointment
In the event that an appointment has been booked with you and you fail to be present at the agreed times without prior notification to us.
• £85.00
Renewing a tenancy
• £120.00 administration fee per tenancy
Credit check at renewal
In some circumstances, it may be a pre agreed requirement for a new credit check to be obtained at the point of renewal.
• £60.00 per person
Landlord references
If you decide to move on and require for us to provide you with a reference to your new agent or landlord.
• £30.00
Tenancy Swap Fees
Administration: Covering contract negotiation, amending terms, updating the tenancy agreement during the tenancy and immigration and visa confirmation.
• £300.00 per tenancy
Referencing: Referencing the new occupant, including identity, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability
• £60 per tenancy
Note: All prices quoted are inclusive of VAT at 20%.

If you have any questions regarding our fees please feel free to ask a member of staff.


Property features

  • Two bedrooms
  • Second floor
  • Balcony
  • Lift access
  • Convenient location
  • Chain free
  • EPC
Travel time to work:

  • Tulse Hill - 0.46km, 7 mins walk
    • National Rail
  • West Norwood - 0.54km, 8 mins walk
    • National Rail
  • West Dulwich - 1.22km, 18 mins walk
    • National Rail

Rental Yield

Average rental value

£344pw

Average weekly rent of nearby 2 beds.

Annual rental yield

5.8%

Gross yield if rented for the average rent.

Sale price

Average asking price

£395,338

Average asking price of nearby 2 beds.

Value for money

22% cheaper

This property is cheaper 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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Townends - Streatham
5 - 7 Streatleigh Parade, Streatham High Road, Streatham, SW16 1EQ

020 3463 0373

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