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£850,000
Bedrooms
Bathrooms
Charming mid-terrace three bedroom family home measuring approximately 1240sqft and occupying a coveted location in the heart of Peckham.
The property itself comprises downstairs; a front reception room with bay window and original fireplace, a second reception/dining room, a modern fitted kitchen/diner complete with integrated appliances with doors leading out to a quaint, low maintenance rear garden. The usual basement level in a Victorian house has been extended in this home to comprise a lower ground floor shower room and utility room.
To the first floor you will find a three piece bathroom suite and three large double bedrooms. The master bedroom to the front on the property again incorporates the characterful original fireplace. Bedroom two and three both are generous sizes with the second room in particular to the rear of the property receiving floods of light due to a new raised ceiling and veluxe window.
The nearby area has had somewhat of a resurgence over the last 5 years and with the proposal of the extension to the Bakerloo tube line, the area is becoming even more popular. Four train stations in close proximately to the property - Queens Road Peckham Railway Station (0.3 miles), Peckham Rye Railway Station (0.6 miles), South Bermondsey Railway Station (0.8 miles), Nunhead Railway Station (0.8 miles). Making the commute into central London simple.
Freehold
Council Tax Band: D
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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