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£600,000 Offers in excess of
Bedrooms
Bathrooms
Offered to the market is this immaculate three bedroom, two reception room extended double bay period home. Located on one of Abbey Woods desirable roads this property is convenient for local bus routes, Bostall heath & woods, access into Abbey wood mainline station and Crossrail.
On entering the property you are welcomed to a spacious hallway with understairs storage, stripped and varnished floorboards. The front reception room has double glazed bay window to the front, feature fireplace, original style cornicing, dressers, stripped and varnished floorboards. Double doors leading to the second reception room which also has period feature fireplace, doors to extended kitchen, picture rail, stripped and varnished floorboards. The extended 18ft kitchen has a range of wall and base units with complimentary work surfaces. Integrated, oven, gas hob, filter hood, dishwasher, fridge, freezer and washing machine. Sky lights and French doors leading to rear garden.
To the first floor you will find three bedrooms. The master bedroom, 14ft x 11ft, has a double glazed bay window with views, picture rail and carpet as fitted. The second bedroom, 12ft x 11ft, has double glazed window to rear, picture rail, stripped and varnished floorboards. The third bedroom, currently used as an office, has built in storage, double glazed windows with views, and built in wardrobes. There is also a family bathroom fitted with a white three piece suite comprising of a pedestal wash hand basin, low level WC, panelled bath with electric shower over and glass shower screen.
Externally there is a landscaped 50ft rear garden laid to lawn with flower & shrub borders and paved patio area. There is also a 12ft log cabin with power, lighting and double glazed windows.
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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