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£650,000
Bedrooms
Bathrooms
A very well presented extended three bedroom, semi-detached family home which has been finished to a very high specification. Benefitting from two good sized reception rooms, one with a feature bay window, conservatory, dining room and a modern fully fitted kitchen, downstairs w/c and a good sized garage. This property boasts plenty of internal living space and will make a superb home for a growing family. The property is situated on the sought after Hartsmead Road which offers an easy walk to Mottingham rail station, plenty of local amenities and a number of good schools close by.
To the first floor you will find two good sized double bedrooms, a single bedroom and a main family bathroom which is made up of a modern four piece suit. Externally there is a large garden and to the front a driveway for one car. This property offers the potential to extend further subject to planning permission.
Location:
Mottingham is a sought after suburb of South East London, located within the Royal Borough of Greenwich. The property is located conveniently for Eltham and Chislehurst High Streets. Eltham High Street contains many nationwide brands such as Marks & Spencer, Costa Coffee as well as a fine range of restaurants of varied cuisine, pubs and a popular, and newly developed six-screen cinema complex with a Nandos, Pizza Express and a sky bar within.
For the commuters, there is a direct train line from either of Mottingam (which is approximately 5 minutes walk away), New Eltham or Eltham Station, serving Lewisham (for DLR), London Bridge, Charing Cross, Cannon Street, Waterloo East and Victoria. Buses connect to all neighbouring towns with Woolwich Arsenal and Lewisham both benefitting from DLR services and Woolwich with the Elizabeth Line. For roads in and out of London you have the South Circular, A2/A102 (Blackwell Tunnel Approach), A20 and Rochester Way.
The Royal borough of Greenwich is renowned for being one of the greenest in London, offering a range of open parkland and recreational activities for the whole family to enjoy. Eltham Park South with its tennis courts, play park and tea hut is almost opposite whilst further along Glenesk Road is Eltham Park North, with a duck pond flanked by the ancient Oxleas Wood. The Well Hall Pleasance is a park within the former grounds of the Tudor Barn, now a pub/restaurant with the grounds doubling up as an open-air cinema in the summer months. Eltham Palace is adjacent to the High Street, once the childhood home to Henry VIII and the family home to the Courtaulds, now a national heritage site and one of the countrys finest Art Deco homes often used as a backdrop in period dramas. Neighbouring is Eltham Warren Golf Course, one of two in the wider area, The Royal Blackheath being the oldest golf club in England.
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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