Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£450,000 Guide Price
Bedrooms
Bathrooms
''Guide Price 450,000 - 475,000''
Acorn is thrilled to present this attractive, large two bedroom apartment on the top floor of a brick-built, 2 storey development in a cul-de-sac with a central green and situated within a stones throw from Queens Road station. Definitely worth a viewing to get a sense of scale and quality!
This well-proportioned property is naturally bright and spacious and benefits from an excess of 820sqft of living accommodation. All rooms lead off an impressive entrance hall; two genuine double bedrooms, a high-spec bathroom with a separate W/C, small office, a stylishly designed kitchen with a full tiled wall and large solid wood surfaces. This leads onto a semi-open plan, expansive reception room where you can dine in-front of the large windows and doors that lead onto the private sun-soaked, south facing balcony. The property has been renovated to a high standard throughout by its current owner. As well as a sunny balcony, there is also the peaceful and well kept communal garden in the square which has picnic tables and a childrens playground and is used frequently by the residents, including a yearly summer street party.
Conveniently located within close proximity from ideal transport links such as Queens Road (0.2mi), Nunhead (0.8mi) and Peckham Rye (0.9mi) and New Cross Gate (0.9mi) stations. You will be situated close to the quiet cycle route that takes you to central London in under 30 minutes or hop on one of many buses that take you to elephant and castle tube station in 15-20 minutes. You are also within easy reach of local high streets such as Nunhead (0.7 mi), Peckham Rye (0.9mi) and Bellenden Road (1mi) which all benefit from an array of local shops, bars and restaurants. Green spaces such as telegraph hill park and nunhead cemetery are just a 10 minute walk away.
Queens Road station has also undergone a substantial re-generation with recently opened spots such as Peckham Cellars, Kudu, Well & Fed and Mamma Dough. On your walk to Queens Road station, under the railway arches youll find newly opened Eagle Bakery and coffee shop and other amenities such as yoga studio, strength training studios, Sage florist, artist workshops and regular vintage clothing and furniture pop-ups. Or a stop by the community sauna around the corner.
Also close by is a budgens with a deli counter and free co-working spaces and the newly opened cafe and wine bar The Meeting House.
Lease Length: 105 Years
Ground Rent: 10 PA
Service Charge: 4624 PA (includes heating & hot water)
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
