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£1,000,000 Guide Price
Bedrooms
Bathrooms
Set behind a generous frontage is this substantial double fronted 4 bedroom semi detached home backing onto Norman Park and within easy reach of Bromley South.
Downstairs the property boasts 2 generous reception rooms with beautiful parquet flooring, one with double doors leading to a 176 conservatory overlooking the beautiful 160 south west facing garden to rear. There is also a modern fitted kitchen and a very large downstairs wc/utility room previously incorporating a shower cubicle. Upstairs the double aspect master bedroom measures approximately 18x 12 with wall to wall built in wardrobes, and there are 3 further good sized bedrooms. To finish the first floor there is huge 4 piece bathroom suite with corner shower cubicle and an extra deep bath!
Outside, the large mature south west facing garden backs directly onto Norman Park and benefits from a stunning gazebo for those lazy summer evening bbqs
To the the side there is also a carport with a garage behind, and ample off-street parking to the front
Perfectly positioned for excellent schools, local amenities, and superb transport links into central London, this is a rare opportunity to acquire a home of distinction in one of Bromleys most desirable locations.
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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