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£650,000 Offers in excess of
Bedrooms
Bathrooms
Acorn are delighted to welcome to the market this large six bedroom semi-detached family home located on the highly popular Merlin Road in South Welling.
Having undergone a complete renovation programme by the current owners this home is in beautiful condition and allows the new buyer to move in with no work to be done. Internally the property consists of on the ground floor, an entrance hallway, reception room, kitchen/diner, WC and bedroom with en-suite shower room.
To the first floor are five good sized bedrooms and family bathroom suite. There is also access from two of the bedrooms onto a rear balcony. Key aspects of the renovation include a new roof and bespoke lighting.
Externally, the property benefits from off street parking by the way of a newly laid block paved drive and rear garden which consists of patio area, artificial grass and garden studio with separate storage.
Welling has fast become very desirable and offers everything you would expect from a local high street, including a wide range of supermarkets, shops, restaurants and pubs. Transport links are plentiful with bus routes to surrounding areas including Bexleyheath, Blackheath, North Greenwich (The O2), Bluewater and Abbey Wood with the Elizabeth Line. Welling Station offers direct links to London Bridge, Charing Cross, Cannon Street, Waterloo East & Victoria. Changes are possible at Lewisham for the DLR and New Cross for the East London Line.
There are also many sought after primary & secondary schools nearby including Bexley Grammar School.
London Borough of Bexley - Council Tax Band E
Energy Efficiency Rating - D
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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