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£1,250,000 Guide Price
Bedrooms
Bathrooms
A wonderful six bedroom semi detached Victorian family home with an 89ft rear garden, located on a sought after residential street close to Forest Hill station and town centre, as well as good schools.
This tastefully presented property offers 1934 sq ft on internal living space, and has plenty of charm with period features throughout, combined with a stylish and modern finish.
The accommodation on the ground floor comprises two reception rooms, a utility area, downstairs shower room and W.C. and gorgeous extended kitchen breakfast room which is full of natural light from the double rear doors and the atrium style skylight.
On the first floor there are four bedrooms, a spacious landing, a family bathroom with a stunning roll top bath, and a separate W.C. The landing on the first floor is flooded light from the large skylight above.
On the second floor there are two further double bedrooms and another full bathroom suite.
To the rear of the property, the garden measures just under 90ft in length and is west facing, and has a large paved seating and entertaining area, leading to a well maintained mature garden with side access.
Freehold
EPC Rating E
Council Tax Band
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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