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£1,100,000
Bedrooms
Bathrooms
Acorn are pleased to offer to the market a very sought after three storey period home, in the heart of Ladywell SE13. The house is currently separated as two flats, although being sold as one building, the house offers a superb 2110sq/ft of internal floor space and offers the perfect opportunity to turn into your very own dream home.
The lower ground floor offers huge living space, all open into the dining room and kitchen; including a top of the range cooker, and wall and base units. There are bi-fold doors that open up out to an east-facing garden. This floor also offers a W/C and a small courtyard area to the front of the house. Moving up to the ground floor, this offers a traditional reception room to the front, with feature bay window to the front, flooding the room with natural light. Just off this sits bedroom 3 leading out to a balcony space. This floor is complete with a four piece family bathroom and another bedroom! The final floor of this period home (currently being resided as a 2 bedroom apartment) offers a fully fitted kitchen with wall and base units, a reception room, two bedrooms, a family bathroom with separate W/C
Algernon Road is a sought-after location with Ladywell Village at the end of the road which offers a range of cafes, coffee shops and boutique stores and the popular Ladywell Tavern, a gastro pub serving food & drink! Hilly Fields is also nearby which is a stunning park loved by residents locally. Another popular attraction is the Brockley Market on Tressillian road which has quirky pop up stores. For commuters, Ladywell Railway (Zone 3) is only 0.3m walk which goes into London bridge via Charing cross or alternatively you have a lot more options into the city by using Lewisham Railway & DLR (Zone 2) which is only 0.5m walk. Lewisham Shopping centre also offers a range of branded stores, shops, restaurants, and even more cafes/coffee shops to enjoy.
Freehold
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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