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£650,000
Bedrooms
Bathrooms
Offered to the market chain free is this extended three bedroom period home located moments from Woolwich town centre for local shops, bus routes, mainline station, DLR and Elizabeth Line.
Currently used as a five bedroom licensed HMO, this property currently generates in the region of 62,000 per annum. The property, however, would be easily adapted to return it to a good sized family home by making a few tweaks.
On entering the property the ground floor accommodation comprises two reception/bedrooms. The front room measuring 12ft x 12ft with carpet as fitted and double glazed sash windows to the front. The second room is 12ft x 11ft with carpet as fitted and Velux windows. To the rear of the property you will find the19ft x 15ft, extended kitchen with a range of wall and base units with complimentary work surfaces, four Velux windows allowing light to stream into the room and French doors overlooking the rear garden. On the ground floor you will also find a three piece shower room comprising of a walk in shower, WC and wash hand basin.
To the first floor you will find three bedrooms and a family bathroom. Bedroom one, 12ft x 11ft. Bedroom two, 12ft x 8ft and bedroom three 9ft x 8ft. All bedrooms with carpet as fitted and double glazed sash windows. The family bathroom is fitted with a white three piece suite comprising a wash hand basin, low level WC, tiled sided bath with shower over and glass shower screen.
Externally there is a good sized rear garden mainly laid to lawn with large decked patio.
This property would make an ideal investment or could become a beautiful family home. Internal viewings are highly recommended.
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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