3 bedroom terraced for sale

£600,000 Offers in excess of

3

Bedrooms

1

Bathrooms

Floorplan

A well presented and larger than average three bedroom brick fronted Victorian home which has been much improved by its current owners. Offering a mix of modern dcor with period features this property has maintained its character and charm. Conveniently located for Abbey Wood Village, mainline station and Elizabeth Line (Crossrail).

The ground floor accommodation offers a front reception room with original coving, cornicing, picture rail double glazed bay window to the front with shutter blinds, stripped and varnished floorboards. There is a second reception room, double glazed window to the rear with shutter blinds, stripped and varnished floorboards. To the rear there is a large 20ft kitchen/breakfast room with a range of modern wall and base units with complimentary granite work surfaces. Integrated oven, hob, filter hood, fridge/freezer, dishwasher and washing machine. Double glazed bay window to the side with shutter blinds and double glazed window to the rear. On the ground floor there is also large under stairs storage cupboards and a ground floor cloakroom/WC with low level WC and wash hand basin.

To the first floor there are three good sized double bedrooms. The master bedroom, 16ft x 14ft, has a double glazed bay window to the front with shutter blinds, carpet as fitted and built in wardrobes. The second bedroom, 11ft x 10ft, has built in storage, carpet as fitted and double glazed window to the rear with shutter blinds. The third bedroom, 14ft x 6ft, also has built in wardrobes, carpet as fitted and double glazed window to the side with shutter blinds. The family bathroom is a newly fitted four piece suite comprising of a large walk in shower cubicle, vanity wash hand basin, cistern enclosed WC and a panelled bath.

Externally there is a south facing rear garden with patio area, lawn area, flower, shrub and tree borders.

The property is well located for all local amenities including local primary & secondary schools, bus routes, Abbey Wood mainline station, Elizabeth Line, shops and a wealth of local woodland, lakes, parkland and a nature reserve.

Internal viewings are highly recommended to appreciate the size and condition of this beautiful home.

EPC Rating D
Royal Borough Of Greenwich Council Tax Band D

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

£ 497700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 15000
  • 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

£ 47700
  • 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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