2 bedroom apartment for sale

£575,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Guide Price 575,000 to 600,000

We moved into this apartment in 2019 and fell in love with it at first sight-the space, the quiet, and the sense of greenery all around really stood out. At the time, our son was just starting school, and this place has been an incredible home for our family ever since. Were only moving now because weve outgrown the space.

The apartment is a spacious two-bedroom (Circa 1000 sq ft) ground-floor home in a modern, high-spec development made up of one 26-apartment building and a row of 20 terraced houses. One of the standout features is the large private terrace, which looks out over a beautifully landscaped communal courtyard. Its perfect for relaxed mornings, entertaining, or just letting the outside in.

Being on Sydenham Hill, youre surrounded by green space-woods, parks and walking trails are all within easy reach. That made a huge difference during the pandemic, when access to nature and outdoor space became essential. The area is also really peaceful, with a calm, neighbourhood feel thats hard to find in London. If that was not enough, there is a fantastic pub just across the road, a dog caf / wine bar five minutes walk down the hill, and in 15 minutes you could be in either Dulwich Village or Crystal Palace Triangle.

Inside, the apartment feels light and full of natural light, with well-proportioned bedrooms and no wasted space. Its easy to live in and has adapted well with our changing needs over the years.

The community here has honestly been one of the best things about living in this development. We know most of our neighbours and theres a strong sense of connection. Over the years, weve had Halloween parties, Easter egg hunts, bouncy castles and lots of casual meetups where kids and adults can all hang out together. Its a great place for families, and being close to some fantastic schools was one of the main reasons we chose to move here.

Despite the peaceful setting, were really well connected-Sydenham Hill station gets you to Victoria in 14 minutes and Blackfriars in under 25, while nearby Sydenham station has direct routes to London Bridge and Canary Wharf.

Its going to be hard to leave a place thats been such a great fit for our family, but we know the next owners will love it just as much.

Lease Term 243 Years
Service Charge 3600 pa
Ground Rent 400 pa
Council Tax Band D Lewisham 2,135.13

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 477075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 45825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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