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£990,000
Bedrooms
Bathrooms
Unveiled to the SE18 market is this extended, five bedroom semi detached family home located at the top of Shooters Hill. The property is set across approximately a 1/4 of an acre, with a 200ft garden and offers stunning city views. The property is conveniently located for local schools, bus routes, Shrewsbury Park and access into London.
The ground floor accommodation comprises a 16ft living room with feature fireplace, high ceilings, carpet as fitted and a double glazed bay window to the front. To the rear of the property you will find the extended kitchen/dining room fitted with a range of wall and base units with complimentary work surfaces. Bi-fold doors leading to the rear garden and wood laminate flooring. There is a ground floor WC fitted with a low level WC and wash hand basin.
To the first floor you will find the first three bedrooms. Bedroom 2, 17ft x 12ft, with built in wardrobes, carpet as fitted and double glazed bay window to the front. Bedroom 4, 14ft x 12ft, with carpet as fitted and double glazed window to the rear. Bedroom 5, 10ft x 8ft, with wood laminate flooring and double glazed window to the front. On this floor you will also find the three piece family bathroom suite comprising a panelled bath, wash hand basin and walk in shower cubicle. Separate WC.
To the loft conversion you will find a further two bedrooms. The master bedroom, 13ft x 13ft, with carpet as fitted and Juliette balcony offering stunning city views. There is an En-suite shower room fitted with a three piece suite. Bedroom 5, 19ft x 7ft, has Velux windows, carpet as fitted and eaves storage.
Externally to the rear you will find the 200ft rear garden. Mainly laid to lawn with vegetable patch, paved patio area, World War Two air raid shelter and large detached garage to the rear. Access to the rear and side subject to legal verification. To the front there is a large driveway providing off street parking.
Internal viewings of this property are a must to appreciate the size of the plot and the accommodation on offer.
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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