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£550,000
Bedrooms
Bathrooms
Forming part of what is known locally as Acacia Terrace and built circa 1892, is this three bedroom, three reception room end of terrace Victorian home overlooking Plumstead Common. Conveniently located for local shops, schools, bus routes and local green space.
Spread over 1477sqft is this charming three bedroom end of terrace home. Its ground floor accommodation comprising large 14ft front reception room with feature fireplace, double glazed bay window to the front and original style coving. A second reception room with double glazed window to the rear and original style coving. The third reception room, provides access to the kitchen and has a double glazed bay window to the side. The kitchen is fitted with wall and base units with complimentary work surfaces. On the back of the house there is a large, 19ft x 16ft, garden room/lean to providing access to the rear garden and ground floor WC.
To the first floor you will find three bedrooms and the family bathroom. Bedroom one, 15ft x 14ft, with double glazed bay window to the front overlooking Plumstead Common, carpet as fitted and built in storage. Bedroom two, 15ft x 10ft, with exposed floorboards and double glazed window to the side. Bedroom three, 11ft x 10ft, with double glazed window to the rear and carpet as fitted. The family bathroom is fitted with a three piece suite comprising a panelled bath, pedestal wash hand basin and low level WC.
Externally there is a low maintenance paved rear garden with shed to remain.
Map location is not available for this property.
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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