3 bed flat for sale

Coleridge Road, Croydon CR0

Limited units available due to exceedingly high demand

Please note: Owners cannot live in the homes. This is a buy-to-let property opportunity, and a tenant is provided under the terms of the agreement. Please do not enquire if you wish to live in the homes.

This newly built buy-to-let prefabricated home has 2/3 bedrooms, a u-shaped open-plan kitchen, and a separate shower/bath spread over 432 sq ft. These homes are manufactured to BS3632 standards meaning they can be used as permanent residences.
A Unit's lifespan is up to 25 years and all homes come with full insurance coverage. There is a break clause and various exit options every 2 years. All homes come fully managed and with a fixed income return which the homeowner receives monthly.

It Includes:
- Increased wall, flooring & roof insulation
- Double glazed windows
- Central heating & improved ventilation systems
- All a-rated appliances & low energy (LED) lighting
- TMV2 / TMV3 thermostatic control of domestic hot water supply (prevents scalding)

The fully managed property has a guaranteed rent of £4,299.00 per annum. First rental payment 60 - 90 days after the sale. The rental income is derived from tenants claiming housing benefits and/or universal credit as well as private tenants who can afford the reduced rent.

- 2/3-bedroom Park Home
- 10% return per year paid monthly
- No Stamp Duty
- No Service Charge, ground rent, or upkeep no landlords’ insurance
- No additional fees
- Please do not enquire if you wish to live in the homes. All homes are fully tenanted