2 bedroom flat for sale

£525,000

2

Bedrooms

1

Bathrooms

Floorplan

This well presented top floor flat is situated in popular Tregothnan Road, which benefits from resident permit parking. The property currently managed by the 3 leaseholders under a right to manage Company, and has had over 60,000 spent recently and therefore has no immediate future upgrade plans in motion.

Inside the flat is set over two levels, and is well presented throughout. The kitchen was upgraded recently and included a new Valiant boiler, currently under guarantee. Theres a separate Kitchen, lounge and two bedrooms. The flat generously offers 60sqm of space. Its full of light and is warm and homely inside.

Tregothnan Road is an attractive residential street, located equidistant to amenities in the coveted Clapham-Brixton-Stockwell Triangle, appealing to purchasers looking to buy in all three of these sought-after locations.

In one direction, theres Clapham High Street (a five-minute stroll) which offers great bars and after hours nightlife, The green open spaces of Clapham Common and Abbeville Village are also within walking distance. Theres easy access to the boutique cafes and shops in Clapham old Town and the weekend market on Venn Street is the perfect place to spend a lazy Saturday afternoon. Clapham North tube station (Northern Line) and Overground are also within a six-minute walk.

In the other direction, there is all that Brixton (twelve-minute walk) has to offer with the extremely popular Brixton Village, large brand shops, Brockwell Park and cracking transport links at the start of the Victoria Line. The interchange of the Northern and Victoria lines at Stockwell station is also a leisurely eleven-minute walk.

On the doorstep there are the shops and pubs of Landor Road, with The Kerb Garden urban orchard just around the corner.

'Please note the EPC inspector noted when carried out that a new boiler would upgrade the EPC to a C band rating.

Service Charges - Circa 1000 pa
Lease Term 84 years remaining
Ground Rent 200 pa
Council Tax Band C Lambeth

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

£ 435825

Mortgage Loan to Value

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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
    £ 13125
  • 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

£ 42075
  • 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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