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The property is a converted flat in a former semi-detached house which is arranged over 3 floors.
The subject flat is approached by a communal pathway and is located at the rear of the main block. Part of the property is located within the original structure. The rest is located within an extension which extends into the garden. The property is constructed in the traditional manner for buildings of this type, having a mixture of solid and cavity brick walls.
The property is situated in a predominantly residential location close to local amenities and transport services. The street comprises properties of a similar nature many of which have been converted into 1 or 2 bedroom flats.
The property is a short walk from Norbury mainline station which provides direct access to Central London, in particular London Bridge station and Clapham Junction.
Croydon town centre is approximately 10 minutes’ drive away. Croydon has a significant amount of shopping and entertainment facilities, as well as extensive transport links.
As comfort we have also taken a second charge by way of an agreed notice over a 4 bedroom freehold semi-detached house in Streatham South in South London.
The borrower is the owner of a Care home company, of several establishments, who also owns several other properties in South London.
The borrower intends to repay the loan by refinancing.