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£800,000
Bedrooms
Bathrooms
''Chain Free'' Unveiled to the SE23 market is this fine example of a Victorian family home, situated on the largest plot on a quiet well known street, within a good distance of a selection of stations and local outstanding comprehensive schools and private schools. - CASH BUYERS ONLY
The accommodation sits circa 1675sqft/155.7sqm of floor space that is set across two floors, all of which providing a superb family-living layout and being presented needing modernisation. The layout comprises four bedrooms, three of which are doubles, a bathroom suite, three large reception rooms, kitchen and garage to the side. Additional benefits include off street parking, large 100ft garden, plenty of period features and the potential to extend to the side, rear, loft and build another property where the garage is subject to necessary permissions. There may also be option for developers for a build to the side plot but again is subject to permissions.
Located on a beautiful tree lined residential road within Forest Hill, offering easy access to Forest Hill station (London Bridge, Victoria, Shoreditch, Dalston, Highbury & Islington) popular OFSTED rated excellent schools, a broad variety of excellent local amenities including restaurants, cafs, bars, gym, parks, supermarkets and the illustrious Horniman Museum
Please note all viewings are strictly via appointment only.
Chain Free
Victorian
Semi-detached
Large Garden
Option to extend
Four Bedrooms
Three Reception Rooms
Garage
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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