3 bedroom semi-detached for sale

£940,000 Offers in excess of

3

Bedrooms

1

Bathrooms

Floorplan

We moved from a normal terraced house on a street where we heard a lot of noise most of the time. We were looking for something more peaceful and this was it. I was attracted immediately to the unique nature of the house, set down a long gravel path, nestled amongst gardens, light and bright with Victorian features and high ceilings. I loved that you could see and hear nothing but the trees and birds from every window.

The house is set in a secret garden with one other house between Beauval road and Lordship Lane, that allows us to feel like we are living in a peaceful and quiet country house somewhere rural, while being in the heart of Dulwich and able to enjoy all London has to offer. The unusual location creates a really unique and peaceful home.

I absolutely love that with small children I dont have to cross any main roads on the 3 minute walk to Dulwich park. Yet we are also extremely close to the Lordship Lane and all the amenities there. We bought the house when we had one young baby and we spent so much more time at home. This was the perfect house for our family to grow.

The extended kitchen is light and bright, whatever the weather, and the perfect space for relaxed hosting. Having the hob set in the central kitchen island is great as you can have people over and cook while chatting to them. We enjoyed many dinner parties and hosted a few larger parties to celebrate milestone events.

The separate living room is a blessing in winter with the roaring fire and in summer with the windows open onto the garden. It is also an amazing and characterful Christmas house. Overall its just a lovely haven to return to after a hectic day in the city and on public transport. Upstairs the master bedroom has a beautiful far reaching view of London and the London Eye, room for a Super King bed, fitted wardrobes and a Victorian fireplace.

The second two bedrooms held different purposes during our time in the house. Initially we used one bedroom as a spare with a double bed, and the third room as a nursery. As our family grew we switched the double for bunk beds and the third room became a home office.

Again with the tree views out of the window. In covid the house was a haven. Set back from everything and everyone with our own lush private garden we enjoyed bbqs and built a playhouse for our children. We loved having the additional patio space off the kitchen to eat outside, with a side return to store our bikes and tools.

Now we are pursuing a life in Canada but will always have such fond memories of Milo Gardens. Since moving to Canada we have rented the house on Airbnb and via short term lets to other young families renovating their home or visiting friends and families in Dulwich. We have never struggled to rent the house and it rents for 4000 per month as a short term let.

The prestigious Dulwich Village Infants and Heber school are on the doorstep and our children were offered a place at both. Our experience of the home was with children but it would be equally suitable for young professionals looking for a tranquil space to partially work from home. If life and work had kept us in Dulwich our plan was always to use the architect plans we have to extend into the loft and create a forever family home like our next door neighbours have done. These plans were approved but have expired. We would be happy to share them with a buyer.

Council Tax - Southwark Band D - 1,877.90



Features
  • Freehold

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

£ 766450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 23500
  • 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

£ 61450
  • 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

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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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