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£1,195,000
Bedrooms
Bathrooms
This is a rare opportunity to own a RIBA award-winning house built and owned by one of the directors of multi-award-winning 31/44 Architects.
Nestled amongst the Victorian terraces, mews buildings and garages of this South East London street, this former infill site has been transformed into a peaceful haven of bright, modern, flexible living. The house has been designed to be energy efficient and has underfloor heating throughout.
The ground floor entrance takes you into a hallway with built-in coat closet. From here you access the kitchen, bathed in light from the skylight above, with a neutral palette and natural textures. It has built in, handmade cabinetry and space for a large dining table. Beyond the kitchen is the living room, with access to two courtyards. This level is also home to a utility room, bedroom and further room that is currently used as an office/studio, but could be an additional bedroom, dining room or guest suite. There is access to a third courtyard (via the utility and bedroom) and theres also a downstairs shower room. Throughout the groundfloor, birch-faced joinery with hidden hinges provides plenty of closed and open storage helping to divide the semi open plan space.
A curved timber staircase leads upstairs, illuminated by a large picture window with views over the street. Here the adaptable layout possibilities continue, with a family bathroom, and two double bedrooms that can be interconnected using sliding doors.
The house is positioned very close to both Manor Park and Manor House Gardens, with its expanse of green space and lake, caf and playground. Hither Green is 0.4 miles away, with regular trains to London Bridge, Cannon Street and Charing Cross. Lewisham town centre, with trains to Victoria and a DLR station, is just over a mile away. The leafy areas of Blackheath and Greenwich Park are just down the road.
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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