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£520,000 Guide Price
Bedrooms
Bathrooms
Reception
A great opportunity to acquire this bright, and spacious second floor flat - located on the well-connected Finborough Road.
The flat measures around 512 sq ft and comprises a large double bedroom, an extremely spacious reception/dining room - off of which you will find the separate kitchen and the family bathroom. The large double bedroom provides ample storage opportunities with the existence of three floor-to-ceiling built in wardrobe units.
This property would benefit from refurbishment throughout, providing a superb opportunity to put your own stamp on the flat, or alternatively providing great investment opportunity - given its sought after location.
The flat is located on Finborough Road, a moments walking distance from the Fulham Road. There are excellent transport links all within a short walking distance, including: Earls Court (District and Piccadilly Lines). West Brompton (overground), Fulham Broadway (District Line) and South Kensington (District and Circle Lines). There are also a variety of Bus routes spanning across London.
Long Leasehold - Circa164 years remaining
No Ground Rent
Service Charge Approx. 3,000pa
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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