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321 Baring Road, Grove Park, London
£1,000,000
Bedrooms
Bathrooms
Acorn are truly delighted to welcome to the market this chain free and impressive family residence, sat on this highly sought after road in Bromley.
Offered to the market in immaculate order both internally and externally, the house is bathed in light and offers mass living and entertaining space, and even a spacious self-contained annex!
Entering into the light hallway, the ground floor accommodation comprises spacious front lounge with rounded bay window, separate dining room enjoying views over the garden, and a huge and well appointed kitchen diner with modern white gloss units and integrated appliances. Just off of the kitchen diner, is the annex, boasting bedroom/lounge space, kitchen, shower room and an office space with double doors leading onto the garden. The ground floor accomodation also offer cellar storage access.
The first floor comprises five really well proportioned double bedrooms and a large family bathroom complete with separate shower enclosure.
Boasting a very generous plot, the house offer ample off street parking by way of front drive. To the rear, there is a real showstopper of a garden. Measuring just shy of 100ft and with mature screening, the garden offers a large patio and lawn space, as well as a rear play area for children.
Enviably located on this sought after road, this house truly is a fantastic family home!
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.
321 Baring Road, Grove Park, London
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