2 bedroom flat

£514,950

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

The apartment is finished and equipped for luxurious and contemporary living with particular emphasis on functionality and style. The living areas benefits from extensive natural light.

With hard wearing wood effect laminate flooring throughout, the property contains a stylish shower room, videophone entry system, modern kitchen with integrated washing machine, dishwasher, fridge/freezer, two double bedrooms and a spacious living room opening into a private roof terrace.

This apartment is within a unique double-fronted detached semi-detached building with distinctive flint exterior offering special architectural and historic characteristics. Designed for exclusive living, this property sits within a conservation area at the corner of Mellison Road and Trevelyan Road, within the Borough of Wandsworth.

Dating back to 1897, the building was formally occupied and used as a local GP Surgery, and had undergone a dynamic transformation into a prestigious residential development with four apartments.

LOCATION:

The apartments are ideally placed to enjoy Tooting, Wandsworth & Claphams eclectic mix of bars, boutiques, restaurants and old town atmospheric charm. In equally pleasant contrast, at a short distance, the Tooting Bec Common and Tooting Graveney Common, offers more than 150 acres of open green tranquil space. Together, this diverse environment, surrounding conservation status and proximity to Central London combines to present a location that truly excels in cultural quality, convenience and contemporary style.

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Nearest Stations:

0.24 miles
Tooting Broadway
0.45 miles
Colliers Wood
0.47 miles
Tooting
0.81 miles
Haydons Road
0.96 miles
Tooting Bec

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 427533.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12873.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 41321.25
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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