4 bedroom detached for sale

£1,700,000

4

Bedrooms

3

Bathrooms

Floorplan

The Acorn group are delighted to offer this stunning four bedroom Victorian residence, positioned on one of Telegraph Hills most sought-after roads within easy reach of local parks, schools and transport links. The home is offered in excellent decorative order throughout with incredible living space circa 2415 sq.ft ideal for families and those who love to entertain. The house feels light and spacious with high ceilings and a neutral and modern decor throughout while still retaining many period features and charm. There is a beautiful double reception room with large bay windows on the ground floor letting in natural light. The ground floor also accomodates the fourth bedroom with en-suite. Leading down to the stylish open kitchen, dining and family room that offers direct access to the private and secluded southwest facing rear garden. There is also a very useful utility room on the lower ground floor plus a further W/C. Each of the three bedrooms of the upper floor are double rooms with the main bedroom measuring 19ftx19ft. Homes in the area have become increasingly popular due to the size and flexibility of the layout providing exceptional long-term family homes. The garden has been meticulously designed, offering two main entertaining areas along with a third area that is ideal as a childrens play area. The unique positioning and size of this plot is extremely rare to properties within the Telegraph Hill area. Further benefits include electronic gated off street parking.

Jerningham Road forms part of the Telegraph Hill, a hugely desirable conservation area positioned in South East London providing an excellent choice of local schools (both primary and secondary), local parks and an array of independent shops and cafes for local residents to enjoy. There are great and convenient transport links nearby with Nunhead, New Cross Gate and Queens Road Stations providing swift links to London Bridge, Blackfriars, Victoria and Clapham Junction as well as Shoreditch and the Docklands. The area has a fantastic and vibrant community feel with regular events such as the farmers market held every Saturday, a lovely childrens play area and a popular community cafe.

Planning has also been granted for the construction of two storey plus basement side extension together with associated alterations to side boundary wall.

DC/22/125363 - Planning Reference Number.

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

£ 1435450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 42500
  • 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

£ 160450
  • 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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