4 bedroom detached for sale

£750,000

4

Bedrooms

1

Bathrooms

Floorplan

Vendors Comments:
We have lived in this house for 38 years as a family of 5, with plenty of space for family gatherings and grandchildren coming to stay. It is a peaceful location with friendly neighbours.Good Connections to local buses and trains into London which has served us very well commuting and exploring.

Welcome to this spacious four-bedroom detached house located on Halfway Street, Sidcup. Situated in a sought-after area, this property offers ample space, a desirable location, and great potential for expansion. With its convenient access to local amenities, excellent transportation links, and proximity to Averyhill Park, this is an ideal family home.
As you step into the property, youll immediately notice the generous space on offer. The ground floor boasts two bright and spacious reception rooms, allowing for flexible use of the living space. These rooms have served as a hub for family gatherings and memorable moments, but now offer an opportunity for the new owners to imprint their own personal touch.
The kitchen, although in need of modernization, provides a great space to create your perfect culinary haven. With a little imagination and renovation, this room has the potential to become the heart of your home.
Moving upstairs, youll be greeted by four well-sized bedrooms, providing ample space for a growing family or to accommodate guests. The master bedroom offers a haven of relaxation, featuring plenty of natural light. The additional three bedrooms share the same spaciousness, offering flexibility to use as home offices or playrooms.
The bathroom, although currently only one with separate toilet next to it, has the potential to be transformed into a modern and luxurious space. With some creative renovations, you can design a bathroom that perfectly suits your style and needs.
The exterior of the property features an easily maintained garden, providing the perfect space for outdoor relaxation and entertainment. The garden allows for the opportunity to create a tranquil haven, suited for outdoor dining, barbecues, or simply enjoying the fresh air.
Furthermore, this property offers a driveway and garage, providing off-street parking and valuable storage space, respectively. This will undoubtedly add convenience and security to your daily life.
The location of this house is truly exceptional. With local amenities within walking distance, youll have access to shops, supermarkets, cafes, and restaurants. Additionally, the property is conveniently situated close to excellent transport links to London, making commuting a breeze.
For nature enthusiasts, Averyhill Park is just a short walk away. This beautiful green space offers a serene retreat, perfect for taking a leisurely stroll, enjoying a picnic, or engaging in outdoor activities with family and friends.
In terms of future potential, this property provides the exciting opportunity for extension, subject to planning permission. With the right vision and consents, you can create additional space to suit your specific needs, whether thats an extra bedroom, a home office, or a larger kitchen-dining area.
Council Tax Band F and EPC Band D reflect the current energy efficiency and tax obligations of the property.
In


Features
  • Freehold

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

£ 621450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 18750
  • 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

£ 58950
  • 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

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

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