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£375,000 Guide Price
Bedrooms
Bathrooms
'Guide Price 375,000 to 400,000'
Offered to the market chain free is this newly refurbished two bedroom ground floor conversion flat set in this period property in Shooters Hill. Convenient for local bus routes into Woolwich for mainline station, DLR and Elizabeth Line (Crossrail).
On entering the property the communal hallway provides access to two double bedroom laid with newly fitted carpet. The front bedroom benefits from have a double glazed bay window to the front, with the second bedroom having garden views.
To the rear of the property you will find the 22ft open plan kitchen/reception room. Newly fitted kitchen with a range of modern wall and base units with complimentary work surfaces. Integrated oven, hob, filter hood, microwave, fridge/freezer, dish washer and washing machine. Double glazed windows throughout and bi-fold doors leading the private garden.
The bathroom has been newly fitted with a modern white three piece suite comprising a vanity wash hand basin with storage under, low level WC, tile sided bath with shower over and glass shower screen.
Externally there is a private rear garden with flagstone paved patio are and raised lawn area.
The property is offered with share of freehold and Chain free.
Lease Term Remaining: New 125 Year Lease on Completion
Ground Rent: None
Service Charge: TBC
EPC Rating: C / Council Tax Band: B
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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