3 bedroom terraced for sale

£1,000,000 Offers in excess of

3

Bedrooms

We bought this property in 2000. The first things that really grabbed us were the high ceilings, the quietness of the road, and the size of the rooms, which were a lot bigger than any of the similar Victorian terraces that wed looked at across South East London. Also how bright the property is throughout.

Having a large kitchen with space for a big dining table was a real priority for us as keen cooks. Weve probably spent more time around the kitchen table with friends and family than anywhere else in the house. The whole place has a great feel to it - numerous people commented on this over the years.

We lived in the house as a family for 16 years, eventually moving outside London to be closer to friends and family after a lot of deliberation. We loved being in Surrey Road so much for the peace it offers, and our exceptionally lovely neighbours, as well as the close proximity to beautiful green spaces (Peckham Rye Park is a short walk as is the iconic Nunhead Cemetery), excellent transport and amazing community, with great schools and an abundance of independent shops, and unique bars and restaurants.

The main living area is a great space to entertain, with a generous double sitting / dining room. We had lots of kids parties and big family gatherings. The three double bedrooms are all an excellent size - again larger than most. The master spans the width of the house and could be adapted to accommodate an en-suite shower. Theres also a huge loft that at one time we were thinking about converting into another 2 bedrooms with an en-suite wetroom / bathroom.

The garden isnt huge but it suited us well as we wanted something low maintenance due to our busy lives and work. Its a real suntrap and always felt very private and spacious enough for the kids to play with friends, relaxing outside and hosting BBQs in the summer.

The street has an exceptionally friendly feel and weve always got on very well with our neighbours on all sides. Nunhead, and particularly Surrey Road, is a lovely community. We were spoilt with food options Ganapati in Bellenden is fantastic, The Begging Bowl, Mr. Bao, Artusi are all amazing, and nearby too - and its easy to head to East Dulwich, Brockley or you can jump a train and be in central London within 20 minutes.

It was important for us to be well-connected to central London. Nunhead station gets you into Victoria in 18 minutes, Blackfriars in 18 minutes or Cannon street in 30 minutes with one change. You can walk or bus to Queens Road in Peckham and get to London Bridge in 9 minutes or equally hop on the frequent buses close to the doorstep towards Peckham Rye and Brockley for the Overground service - with a change at Canada Water for the Jubilee Line and London Underground network. The area is very well served in all directions.

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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

£ 818950

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
    £ 25000
  • 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

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£

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

£ 68950
  • 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

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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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