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£1,100,000
Bedrooms
Bathrooms
In a peaceful location just a short way along from the old Gate House at the start of Manor Way, a detached four bedroomed single storey house of 1251sq. ft. set behind high double wooden gates, with off-street parking for two vehicles to the front courtyard garden, directly south facing, plus a secluded walled rear garden. Total internal modernisation is required, including a new flat roof covering.
The house was built in 1960 on what was once the rear garden and orchard of 95 Lee Road, presumed to have been designed by the architect Peter Moro and project managed by the designer Walter Greaves. The distinctive layout plan has the bedrooms all to the rear and the reception room, kitchen and dining room to the front. It has an impressive sized reception hall and a central inner courtyard garden. The same design was adopted for numbers 9 & 11 by Walter Greaves.
Manor Way is the southernmost, tree-lined turning on the private Cator Estate, about a ten minute walk to the village, with the mainline railway station providing a fast service into London Bridge, Charing Cross and Cannon Street. There is also a vast selection of restaurants, pubs and independent designer shops, together with the restored Victorian concert halls.
The Accommodation Comprises:
Reception Hall, Kitchen, Dining Room, Reception Room, Cloakroom, Four Bedrooms, Bathroom, Inner Courtyard Garden, Front and Rear Gardens, Off-Street Parking, Gas Central Heating, no Chain.
EPC: E Council Tax Band: G Greenwich Borough
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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