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£700,000
Bedrooms
Bathrooms
Coming to the market is this stunning two bedroom two bathroom penthouse flat that has been finished to the highest standards, offering a luxurious and modern living experience. Located in a sought-after area, the property boasts an open plan kitchen and living space, perfect for entertaining or relaxing.
The spacious layout includes two double bedrooms, one with fitted wardrobes and the master with a fully tiled ensuite bathroom and a separate family bathroom. The kitchen boasts quartz kitchen worktops and comes fully fitted with top of the range appliances. The living room has dual aspect windows which provides lots of natural light. There is Engineered Oak flooring throughout and additional benefits include video entry system, underfloor heating and lift access to all floors.
The Post House is set on the vibrant Clapham High Street and is within easy reach of various forms of transport including Clapham Common Tube station located diagonally opposite the building. Locally, there is an endless list of eateries and cafes. This is coupled with a strong supply of local bars and restaurants that provide this area of London a vibrant atmosphere surpassing that of other London locations. Other local attractions include The Clapham Picture House cinema and Venn Street which houses Venn Street fresh food market every Saturday.
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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