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321 Baring Road, Grove Park, London
£799,950
Bedrooms
Bathrooms
Acorn are delighted to welcome to the market this large detached family residence, located well for access to both Lee and Kidbrooke Rail Stations.
Offered to the market with no onward chain, the house sits on a generous plot, boasting large front and rear gardens. There is an integral garage and further off street parking by way of front drive.
In need of modernisation, but offering generous internal living and entertaining space, the ground floor accommodation comprises entrance porch and hallway, front lounge, well appointed kitchen with ample fitted units, WC, and access to the integral garage. To the rear of the property is a separate family room and garden room, both enjoying fantastic views over the unencumbered garden.
The first floor houses four well proportioned double bedrooms, family bathroom and WC. Off of the landing there is access to a front facing balcony.
Although already a spacious property, the nature of the plot and house offer the new owner ample opportunity to extend to the side, rear and potentially loft space, all of course subject to local planning permissions.
With a number of transport links within easy reach, the property is also within short reach of a number of reputable schools as well as the amenities, bars and cafes of both Lee and Blackheath Village.
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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