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£1,100,000
Bedrooms
Bathrooms
Rarely available, five bedroom three storey end of terrace Victorian home situated just a stones throw from Queens Road Station. Packed full of period features, such as; sash windows, high ceilings and decorative coving throughout, this charming property oozes character.
Packed full of period charm such as hard-wood flooring, stunning fireplaces, high ceilings and timber sash windows, this beautifully presented house comprises of; an expansive front reception room, a fully fitted kitchen with bay window, two neutrally decorated three-piece bathrooms, a separate W/C on the ground floor along with five double bedrooms. Other benefits include access to a west facing terrace and garden along with off street parking.
Asylum Road is an attractive tree-lined residential street made up of mostly late-Victorian yellow-brick, town houses and villas. Located just a short walk (0.1mi) from Queens Road station as well as within easy reach of Peckham Rye (0.6mi) & Nunhead (0.7mi) which all offer fast & frequent services into central London. Positioned within close proximity of green space such as Burgess Park (0.8mi) which is Southwarks largest park. Also just a short walk from the Old Kent Road (0.2mi), which is due to receive two new stations as a result of the Bakerloo line extension which is planned to begin construction in 2023.
Queens Road high street is found just a few moments walk and offers an array of independent shops, bars and restaurants including Kudu - our personal favourite.
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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