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£950,000
Bedrooms
Bathrooms
A rare opportunity to acquire two self-contained Victorian maisonettes held under one freehold title. Both flats have potential to extend, one into the garden and one into the loft.
The ground floor flat comprises of a spacious reception room to the front of the property with high ceilings and plenty of natural light. As you move down the hallway, there is a useful store cupboard, a good sized double bedroom and a spacious eat in kitchen and a bathroom to the rear. There is potential to extend into the side return and to the rear, which would create a spacious two double bedroom property (STPP).
The upper floor flat comprises of two double bedrooms and a third single bedroom/office space at the front of the property. There is a reception room, kitchen and bathroom to the rear, as well as a spacious private terrace. This flat also benefits from a substantial loft space that can potentially be extended into (STPP).
Goldsboro Road is a sought-after location, allowing for easy access to the stunning newly developed Battersea Power Station and all of the shops, bars and restaurants it has to offer as well as being a short walk away from Clapham, Stockwell and Vauxhall.
Transport is provided by way of the Nine Elms Underground Station (Northern Line) and Stockwell (Victoria and Northern Lines) as well as a good network of local bus routes.
Map location is not available for this property.
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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