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£530,000
Bedrooms
Bathrooms
A well presented and extended, three bedroom end of terrace family home set on a larger than average plot. Conveniently located for local shops, schools, bus routes, East Wickham open space and Plumstead/Welling stations.
The ground floor accommodation comprises two reception rooms, the front reception room with feature log burner, double glazed window to the front with shutter blinds and wood laminate flooring. The reception room to the rear also has wood laminate flooring and French doors leading to the rear garden. Where the original kitchen would be the vendors have created a ground floor cloakroom/WC with wash hand basin and low level WC. To the side the property has been extended to create the 29ft kitchen/dining room fitted with a modern range of wall and base units with complimentary work surfaces. Integrated oven, hob and filter hood. Space for further appliances, door to side garden, double glazed windows to front and back with shutter blinds.
To the first floor you will find three bedrooms and the family bathroom. Bedroom one, 13ft x 9ft, with double glazed bay window to the rear and carpet as fitted. Bedroom two, 13ft x 9ft, picture rail, double glazed bay to the front and carpet as fitted. Bedroom three, 7ft x 6ft, picture rail, double glazed window to the front and carpet as fitted. The family bathroom is fitted with a white three piece suite comprising a low level WC, pedestal wash hand basin, P shaped bath with shower over and glass shower screen.
Externally there are side and rear gardens. The rear garden is well established with lawn area, flower and shrub borders along with a decked patio area. To the side you will find the paved garden which gives access to the detached garage with gates to the front providing access to the front. At the front of the house there is a large driveway to the front providing off street parking for two/three cars.
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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