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£700,000
Bedrooms
Bathrooms
Acorn are proud to market this charming Victorian family home, situated within one of Sydenhams most sought after pockets, just moments away from the award winning Mayow Park!
Boasting 945sqft / 87.7sqm of internal floor space, set across two floors - providing a free flowing layout. The ground floor comprises; large lounge with a bay window and a separate fully fitted kitchen/diner which is perfect for entertainment / keeping an eye on the little ones. Which then leads into the light and airy conservatory the opens up onto the large south/west facing 100ft+ garden which is levelled and full of greenery giving you a sense of privacy. The first floor comprises three bedrooms, two of which have built in wardrobes and a well-proportioned family bathroom. The property also has off-street parking which is a rarity in the area.
Situated on Perry Rise, near to your local shops such as Sainsburys, Aldi and many more, and within a stones throw of the much loved Mayow Park. Lower Sydenham Station is only 0.6 miles away and Forest Hill Station which offers brilliant connections into London Bridge, Dalston, Shoreditch and Highbury & Islington, to name a few. Sydenham High Street is also close by so is Bell Green and Forest Hill High Street which has plenty of shops such as cafs, supermarkets and trendy public houses. You are also in the catchment for great primary schools and nurseries.
Freehold
Council Tax Band: C
Energy Efficiency Rating: D
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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