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£850,000 Guide Price
Bedrooms
Bathrooms
Offered for sale with no onward chain, this four bedroom fully extended 1930s built home with a south facing garden is in great condition throughout and is well located for schools and Forest Hill station.
The property has been sympathetically refurbished over the years and retains many period style features in keeping with the 1930 style, including original glazed tile fireplaces, along with stylish twists such as two modern bathroom suites, full with rear extension, utility room and a garden office.
The accommodation on the ground floor comprises two reception rooms, one with a feature fireplace and the other with a log burner, a full width kitchen extension, a utility room and a guest toilet. On the first floor, the room layout has been altered slightly to avoid the 1930s box room so now offers three generously sized bedrooms and a modern bathroom suite with a roll top bath. Built-in wardrobes in the main bedrooms and loft landing ensures significant storage space. On the second floor youll also find the master bedroom with a modern en-suite shower. On the second floor youll find the master bedroom with a modern en-suite shower.
To the rear of the house, the garden is south facing and has paved seating area which leads to a lawn with mature shrubs surrounding it, and theres an outbuilding at the rear which is split in two to provide a spacious shed on one side, and a space that could be used as an office on the other side, ideal for those who work from home. There is also a rear access lane which can be accessed from inside the shed.
Tenure Freehold
EPC Rating C
Council Tax Band D
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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