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£1,100,000 Guide Price
Bedrooms
Bathrooms
Guide Price 1,100,000-1,200,000
A stunning detached four bedroom home ideally located on Gibsons Hill in Upper Norwood/Streatham. This double fronted house has off street parking at the front in addition to the side garage. This lovely period home is ideal for a buyer looking to add their own stamp and benefits from a wealth of period features throughout.
The property comprises; three spacious living rooms with the biggest reception room enjoying stunning views of the picturesque rear garden from the sliding patio doors and floor to ceiling window. Other great benefits include the dining room which is just off the large kitchen, four well-proportioned bedrooms, two bathrooms, large driveway and garage to the side which can be extended into subject to the correct planning application.
Upstairs there are four bedrooms, with the master having the bonus of a walk-in wardrobe, and a large family bathroom. There is also potential to expand the loft and make the property even bigger subject to planning permissions
The property is ideally located on Gibsons Hill a very quiet cul de sac that leads down to Norwood Grove Recreational Ground and the enchanting walled gardens of the Rookery. This family home is a walk or a short bus journey to Norbury and Streatham stations with direct access to central London via Clapham junction, London Bridge and London Victoria. The wide, open and leafy Streatham Common is just a stone throw away from this family home.
Access to central London is via West Norwood railway station which is less than a mile away and provides numerous services to London Bridge and London Victoria. Streatham High Road boasts brand new shopping and leisure facilities, and the area is renowned for its easy access to a selection of excellent state and private schools for all age groups.
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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