2 bedroom apartment for sale

£700,000

2

Bedrooms

1

Bathrooms

Floorplan

The Acorn Group Are delighted to offer to the SE4 sales market this 2-bedroom split level property boasts a private garden, positioned in the ever so popular Brockley Conservation Area.

This period upper floor split level apartment boasting two bedrooms, living area, a fantastic size kitchen, and a bathroom. The property benefits from ample natural light throughout. Conveniently located close to local amenities, transport links, and green spaces, this apartment offers both comfort and convenience. Ideal for first-time buyers, investors, or those looking for an opportunity to own a piece of characterful living in a desirable neighbourhood. Dont miss out on this wonderful home - arrange a viewing today!

Upper Brockley Road itself is an incredibly premier road within the local community as it is a part of the Brockley Conservation Area and connects you from SE4 to SE14. The property has the options of two local stations which include the Brockley Station and High Street which is under a four-minute walk away (according to Google maps) and offers superb links into London Victoria & London Bridge. The station also serves the highly rated East London Overground Line which has four trains per hour linking you to Dalston Junction and Highbury & Islington via Shoreditch High Street and St Johns Station which is around a 15-minute walk and runs direct routes into London Bridge and Cannon Street where the Jubilee, Circle and Northen Lines can be accessed. The property is situated just moments away from the famous Hilly Fields Park and Brockley Farmers Market which is renowned for its premium organic produce along with high quality street food.

New Lease on completion - 125 Years
Service Charge 2500
Ground Rent: 0
EPC Rating D
Council Tax Band C

Mortgage Calculator

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

Monthly Payment: £3,027.27

Total Interest: £389,816.50

Overall Total: £1,089,816.50

Amortization For Monthly Payment: £3,027.27 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£22,193.91 £14,133.31 £685,866.69 
2026£21,734.95 £14,592.27 £671,274.42 
2027£21,261.09 £15,066.13 £656,208.29 
2028£20,771.84 £15,555.38 £640,652.91 
2029£20,266.70 £16,060.52 £624,592.39 
2030£19,745.16 £16,582.06 £608,010.33 
2031£19,206.68 £17,120.54 £590,889.80 
2032£18,650.71 £17,676.50 £573,213.29 
2033£18,076.70 £18,250.52 £554,962.77 
2034£17,484.04 £18,843.18 £536,119.59 
2035£16,872.13 £19,455.08 £516,664.51 
2036£16,240.36 £20,086.86 £496,577.65 
2037£15,588.07 £20,739.15 £475,838.50 
2038£14,914.59 £21,412.62 £454,425.87 
2039£14,219.25 £22,107.97 £432,317.90 
2040£13,501.32 £22,825.89 £409,492.01 
2041£12,760.09 £23,567.13 £385,924.88 
2042£11,994.78 £24,332.44 £361,592.45 
2043£11,204.62 £25,122.60 £336,469.85 
2044£10,388.80 £25,938.42 £310,531.43 
2045£9,546.49 £26,780.73 £283,750.70 
2046£8,676.82 £27,650.39 £256,100.31 
2047£7,778.92 £28,548.30 £227,552.01 
2048£6,851.85 £29,475.36 £198,076.65 
2049£5,894.68 £30,432.53 £167,644.12 
2050£4,906.43 £31,420.78 £136,223.33 
2051£3,886.09 £32,441.13 £103,782.20 
2052£2,832.61 £33,494.61 £70,287.60 
2053£1,744.92 £34,582.29 £35,705.30 
2054£621.91 £35,705.30 £0.00 

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

£ 567,700

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 38,226

Cumulative Rental Profit

£ 382,255

Cost of Purchase

£ 42,700
  • Stamp Duty
    £ 22,500

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

  • Refurbishment Budget
    £ 17,500
  • 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

£ 45,775
  • Mortgage Interest
    £ 25,547

    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)
    £ 11,088
  • Letting Fee
    £ 240
  • Maintenance
    £ 8,400
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 779,781
  • Final Equity Profit
    £ 397,526

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

  • Cumulative Rental Profit
    £ 382,255

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 1,140,226

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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