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£450,000
Bedrooms
Bathrooms
A two double bedroomed ground floor flat with uninterrupted views across the full width of Blackheath, from the west-facing windows of both the reception room and bedroom one.
The flat has its own private entrance door - at the rear of the block from within the enormous communal garden - which opens into the long hallway with plentiful storage cupboards built in. The two double bedrooms also have wardrobes built in. Although ready for improvement having been let for many years, the flat is pleasantly presented with walls and ceilings painted white throughout, and laminate flooring except in the tiled kitchen and bathroom.
The property is superbly located directly fronting the heath on a quiet cul-de-sac, with Blackheath Village (& station) and Royal Greenwich Park each being a just a mile walk away across the heath.
The Accommodation Comprises:
Entrance Hall, Reception Room, Kitchen, Two Double Bedrooms, Bathroom, Communal Garden, Double Glazing, Residents Parking, Gas Central Heating, No Chain.
EPC: D Council Tax Band: D Greenwich
Lease Term: 125years from 24/06/1999 Maintenance: 1680 p.a. including Ground Rent
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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