Looking for a great town to relocate to? Well, Sidcup is exactly that. Sidcup is an urban district of South East London, England, in the London Borough of Bexley. Located 11.3 miles south east of Charing Cross, it borders the London Boroughs of Bromley and Greenwich. Sidcup originated as a tiny hamlet on the road from London to Maidstone. A number of manor houses remain. This tiny hamlet has grown into a fairly large town which contains: Queen Mary’s Hospital, a large Leisure Centre, four colleges and three secondary schools. There are two shopping parades; the High Street which contains McDonalds, KFC, Pizza Hut, Wetherspoon’s, Costa Coffee, Cafe Nero, Greggs, with a Morrison’s located close to the high street. There are also lots of shops at Station Road including Dominos, Papa John’s and several other restaurants and cafes. The Meadows are a Local Nature Reserve and a Site of Metropolitan Importance for Nature Conservation. Sidcup has a mixture of large Victorian and Edwardian properties alongside typical 1930s suburbia, primarily owner occupied semi-detached and detached housing. It retains many parks and open spaces hinting at the great estates and large homes which once stood in the area. Amongst which you can find a Property For Sale Sidcup.
This gorgeous town has many properties for sale or to rent. When looking to buy a house or flats for sale Sidcup it is imperative that you find out what the levies are in the specific complex that you are buying. Levies are not necessarily a bad thing. Amongst others, it pays for the general maintenance and improvement of the complex. A tidy, protected property for sale Sidcup is a pleasure to live in, and will also add to the value of your investment should you want to sell later on. It will also make the property much more attractive to potential tenants. However, levies can sometimes be absurdly high without offering much in return.
Other things to look out for include the following:
Is the complex situated in a good neighbourhood?
How safe is the complex and the specific flat that you are looking at?
Who are your neighbours?
How old is the complex? Older buildings usually need more upholding. However, buying a Property For Rent Sidcup is very different to purchasing a home to live in. Before buying property for rent Sidcup it is advisable to get advice on the local rental market including demand for certain types of property, locations and standard of property required. You should also be aware of the predicted gross return rates on the property and get in touch with mortgage advisors to confirm if a buy to let mortgage can be arranged.
However, before making any type of investment, make sure you:
Calculate your income correctly to ensure that the rent will cover all borrowing costs Ensure that the property you purchase is decorated to high standard with modern facilities to attract tenants of a high standard and avoid long term vacancies Choose a property which is attractive to potential renter and not to you Avoid property which could provide long term maintenance problems such as large gardens, woodwork or older properties If choosing the full furnished option, only furnish properties with modern furniture so to comply with fire regulations.