5 bedroom semi-detached for sale

£1,400,000

5

Bedrooms

1

Bathrooms

Floorplan

SOLD SUBJECT TO CONTRACT. This impressive halls adjoining semi-detached house enjoys a commanding position within the private Langton Way, which is arguably one of the areas most sought after and exclusive addresses.

The property is tastefully decorated and both clean and tidily presented. Some updating however is required which allows any prospective buyer a chance to make their own mark.
The house, though already a large family home, offers a lot of potential for expansion and development, subject of course to usual planning consents.

On entering the porch you will find a beautiful stained glass entrance door with an equine image that takes you through to a welcoming entrance hall. All of the ground floor rooms are accessed from here. The principal reception room features a large splay bay window and feature fireplace. The second reception room/dining room has patio doors which lead directly to the rear garden. There is also a fitted kitchen/ breakfast room that overlooks and leads to the garden and a ground floor cloakroom WC.
Back in the entrance hall stairs lead to the first floor. Here you will find four good sized bedrooms, the largest of which overlooks the front aspect and has a range of fitted wardrobes. On this floor you will also find the family bathroom/wc.
A further flight of stairs takes you to the second floor where you will find another sizeable bedroom which measures 195 x 176 this room overlooks the rear garden also.

Externally there is an established rear garden of approximately 85 with a range of mature shrubs and trees plus a central lawn reached from a large patio area.
There is also a detached garage reached from its own driveway which offers various storage solutions if required and ample parking for up to 3 cars on the forecourt, as well as additional space for parking in the gated driveway/side passage.

It is definitely a family house with room for families to grow.
The private road Langton Way is within a convenient and central location.
At one end of the road there is direct access to The Heath, Blackheaths vast, green open spaces, with Greenwich Park adjacent.

At the intersection of Langton Way and Stratheden Road you will find several bus routes connecting many of the neighbouring areas.

Langton Way is well placed too for rail transport. The closest stations being either Westcombe Park or Blackheath. Both offering frequent services into the capital and beyond.
If you are a cyclist you will find there are an abundance of cycle ways/paths all within easy reach.

For shopping Blackheath Royal Standard a short walk away has a variety of practical shops, cafs, a library and a Marks and Spencers Food Hall.

Across The Heath lies Blackheath Village, here is a wider choice of independent shops, boutiques, restaurants and bars.

Blackheath has a several schools within the locale including The Pointer School, Greenwich Waldorf, Invicta primary schools, plus Blackheath High School for Girls and the John Roan secondary schools.

This propertys potential coupled with its prime location make it a rare find in the market. Contact us today to schedule a viewing and discover the endless possibilities this home has to offer for you and your family.



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

£ 1168950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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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
    £ 35000
  • 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

£ 118950
  • 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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