2 bedroom flat for sale

£600,000 Offers in excess of

2

Bedrooms

1

Bathrooms

This unique and luxurious apartment was built in 2017 and was designed to have an industrial and distinctly New York loft feel with a Victorian style exterior which is in keeping with the area. The minute you enter the apartment you can feel how special it is.

It has impressive high ceilings, a wide hallway and a huge private wrap-around balcony, the size of another room in fact. The focus for its design to offer an open and connected living space, with an abundance of natural light from the large bi-fold doors overlooking the trees at the rear of the building.

The two apartments on this floor have the biggest balconies in the entire block. There are two good sized double bedrooms, high quality oak flooring throughout and exposed air ducts and a sprinkler system with visible valves. Not only do they serve a purpose, but from a aesthetic point they are striking, beautiful and offer you something very different.

The bathroom is Victorian style decadence with a free standing roll top bath, free-standing traditional hand-basin, handmade quarry tiles and reclaimed white metro tiles, built in extract and large floor to ceiling sash privacy window.

Located on Sydenham Hill, with a distinct feel of Dulwich Village about it, the apartment offers peace and tranquil living within walking distance of the Sunday Times award winning Crystal Palace (itself a social hotspot of South East London). It also benefits from being in close proximity to three well connected train stations, green space in both Crystal Palace Park (a few minutes walk away) and the Green Trail walks through Dulwich Woods and the Everyman Cinema in Church Road.

There is plenty of free road parking adjacent to the building with protected cycle lanes in both directions.

Key features:

77.6 sqm of living space

Large open plan living and dining space

Modern bespoke kitchen with integrated appliances - butler sink, SMEG cooker, Samsung American Style Fridge Freezer & CDA dishwasher

A large private balcony with bi-folding doors from the lounge

Victorian style bathroom with freestanding roll top bath and shower

Industrial anglepoise and spot lighting

Stylish triple columned radiators

Warehouse style air ducts and sprinkler system.

What the seller says:

"With a big open living space and a lovely large balcony, this flat feels spacious yet secluded from the traffic and is great for entertaining with the bi-folds open in summer months. Living here makes you feel like youre not in London as you hardly hear anything, yet its only a 10-minute walk away from Crystal Palace Park and the Triangle.

At the weekends we regularly visit the local farmers market in the heart of Crystal Palace, trying new food and exploring local shops or going for long dog walks in the beautiful park. We are also a 10 minute walk to Sydenham Hill Station with trains to Victoria in only 15 minutes or 10 minutes to bustling Brixton which is great for food and drinks. Our neighbours within the building are friendly and great fun, and there is a real sense of community. We occasionally meet for drinks in the communal garden in the summer. Almost all the flat owners have a dog like us which has been fantastic."

An opportunity to secure one of the areas most beautiful properties and a rarity on the market for sale.

An absolute must see property.

Lease 119 Years remaining
Service charges - 2153.66 per annum
Council Tax -
Ground Rent - 375 per annum
Council Tax - Band D Southwark 1,594.54

Features
  • Freehold

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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

£ 497700

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
    £ 15000
  • 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

£ 47700
  • 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)
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  • Letting Fee
    £
  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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