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£800,000 Guide Price
Bedrooms
Bathrooms
Guide Price: 800,000 to 825,000
Utterly unique three bedroom, two bathroom school conversion measuring just under 1100sqft of spacious living accommodation. This impressive, period house is naturally bright & spacious throughout and benefits from a private 40ft rear garden.
This attractive red brick house oozes period charm and offers well-proportioned living accommodation comprising of: a large living space with double-height sash window to the front which allows tons of light to flood the space, modern three-piece bathroom and newly installed kitchen/diner with attractive stone worktop which leads to the stunning 40ft rear garden. A further three double bedrooms and shower room are split over the ground and first floors as well as mezzanine which offers further guest bedroom/study space.
Conveniently located within close proximity from ideal transport links such as Queens Road (0.4mi), Nunhead (0.9mi) and Peckham Rye (0.9mi) and New Cross Gate (0.7mi) stations. Also within easy reach of local high streets such as Queens Road (0.4mi), Nunhead (0.9mi) and Peckham Rye (0.9mi) which all benefit from an array of local shops, bars and restaurants. Queens Road Station has also undergone a substantial re-generation with recently opened spots such as Meet District as well as Beer Rebellion and Blackbird Bakery. Two new tube stations are also coming into the Old Kent Road with the Bakerloo Line extension confirmed.
Lease Length: 975 Years /Service Charge: 2200 / Ground Rent: 150
Energy Efficiency Rating D
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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