4 bedroom semi-detached for sale

£550,000

4

Bedrooms

2

Bathrooms

Floorplan

Spacious 4-Bedroom House in Welling Partly Newly refurbished and Great Transport Links
Are you searching for a spacious house with great potential in Welling? Look no further! This semi-detached property on Hook Lane offers a fantastic opportunity for those looking to create their dream home. With 4 bedrooms, 2 bathrooms, Downstairs toilet and a generous garden, this property provides ample living space for a growing family.
The ground floor of this house features a welcoming entrance hall that leads to a spacious reception room, perfect for entertaining guests or relaxing with the family. The reception room provides direct access to the garden, where you will find a patio area, ideal for outdoor dining and summer gatherings. The garden itself is a great size and offers plenty of space for children to play or for gardening enthusiasts to create their perfect oasis.
One of the key features of this property is the downstairs WC, providing convenience and practicality for everyday living. With two bathrooms on the upper floor, one of which is a Shower, there will never be any morning rush or hassle.
This property is an excellent choice for families with children, as it is situated within close proximity to the highly regarded Hook Lane Primary School. You can ensure your little ones have access to quality education just a stones throw away.
Transport links in the area are excellent, with bus and train routes connecting to surrounding areas and central London. Commuting for work or leisure will be a breeze, allowing you to enjoy all that the city has to offer while still benefiting from a peaceful suburban lifestyle.
For those who enjoy DIY and renovation projects, this property offers a fantastic opportunity to create your dream home according to your own taste and style. Put your creative skills to test and turn this house into a stunning masterpiece.
Additionally, this property benefits from a driveway, offering off-street parking for your vehicles. No more searching for parking spaces or worrying about your cars safety.
The council tax band E ensures that you will receive value for money when it comes to local services and amenities. Rest assured, living in Welling provides a great balance between tranquility and easy access to much-needed facilities.
EPC D indicates that this property is energy efficient, helping to reduce your carbon footprint and save on utility bills.
Dont miss this incredible opportunity to own a spacious 4-bedroom house with great renovation potential in Welling. Act fast and seize the chance to create your perfect home within a well-connected and thriving community. Contact us today to book a viewing!


Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 456450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 43950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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