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£850,000 Guide Price
Bedrooms
Bathrooms
This beautiful flat has been lovingly renovated to an exacting specification. The photos really do not do it justice. It has two bedrooms, two stunning bathrooms (one ensuite) a beautiful reception room and very stylish kitchen / diner over looking the communal gardens. The property also benefits from a garage with an EV charging point fitted, remotely controlled electric doors, and shared off street parking on a large forecourt at the front of the property. Also linked to the garage there is a separate self contained studio with an en suite shower room. The studio has bi-folding doors leading directly onto the communal terrace and garden.
The property is situated in a prime terrace on Kennington Road, and is close to all local transport facilities. Kennington (Northern line), Lambeth North (Bakerloo Line), Waterloo mainline & underground (Northern, Bakerloo, Jubilee and Waterloo & City lines) and all local buses offer excellent transport links to The City, Westminster, the Southbank, Kensington and Chelsea plus the river. Waterloo station is also the central London terminus for South West trains, providing services to Surrey, Hampshire, Dorset and parts of Berkshire.
Kennington Cross offers a good selection of popular bars, cafes, shops and restaurants which are only a short walk away. The lovely green space of The Imperial War Musuem park can be found on the crossroads of Kennington Road and Lambeth Road, a few minutes walk away, also providing a cafe and a playground.
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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