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£400,000
Bedrooms
Bathrooms
Offered to the market chain free is this two bedroom family home located in the ever popular location of West Thamesmead. Convenient for local schools, bus routes and Woolwich for mainline station, DLR and Elizabeth Line (Crossrail).
The ground floor accommodation comprises a 19ft reception room with large double glazed window overlooking the rear garden, wood laminate flooring and opening to the dining area. There is a modern fitted 20ft kitchen with a range of modern wall and base units with complimentary work surfaces. Integrated oven, hob and filter hood. Space for further appliances, tiled flooring and open to the dining area.
To the first floor you will find two double bedrooms. Bedroom one, 14ft x 10ft, and bedroom two, 14ft x 9ft, both with carpet as fitted and double glazed window to the rear. There is a two piece bathroom suite comprising of a tile sided bath with shower over and vanity wash hand basin with storage under. There is a separate low level WC.
Externally there is a low maintenance rear garden with gate to the rear.
Please note that the sale of the property is subject to the current tenancy ending and the seller obtaining vacant possession.
The Royal Borough of Greenwich - Council Tax Band - C
Energy Efficiency Rating - C
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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