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£575,000 Guide Price
Bedrooms
Bathrooms
'GUIDE PRICE 575,000 - 600,000'
A well-presented three-bedroom family home on the popular Red Lion Lane. Convenient for outstanding local schools such as Ark Greenwich Free School and Christchurch Primary. Bus routes are nearby for a quick commute via the Queen Elizabeth Line and DLR from Woolwich. Ancient woodland walks are a short distance away within Oxleas Woods and other surrounding public green spaces.
The ground floor accommodation comprises a 13ft reception room with feature fireplace, double glazed bay window to the front and wood laminate flooring. To the rear of the property, you will find the 18ft Open plan dining room/kitchen. Fitted with a range of wall and base units with complimentary work surfaces. Integrated fridge and freezer along with space for appliances. French doors leading to the rear garden, part tiled floor and part wood laminate flooring.
To the first floor you will find three bedrooms and the family bathroom. Bedrooms one and two with built in wardrobes and all bedrooms with double glazed windows and carpet as fitted. The family bathroom is fitted with a white three-piece suite comprising a cistern enclosed WC, vanity wash hand basin with storage under, panelled bath with shower attachment and glass shower screen.
Externally there is a mature established 72ft rear garden mainly laid to lawn with flower and shrub borders. Paved patio area with access to the 31ft garage to the side. The garage has an up and over door also benefits power and lighting. To the front there is a driveway to the front providing off street parking.
Tenure Freehold
Energy Efficiency Rating - D
Council Tax Band - 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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