3 bedroom apartment for sale

£900,000

3

Bedrooms

1

Bathrooms

Floorplan

Situated on one of Westcombe Parks most desirable residential roads, this fine split-level garden flat occupies part of a striking period conversion and offers a wonderful blend of original character and eclectic, bohemian flair. With flexible accommodation allowing for up to three bedrooms, the layout is both spacious and adaptable, suited to a range of lifestyles.
The living room, complete with a charming feature fireplace, flows naturally into an adjacent dining room. This impressive space is filled with light thanks to three skylight windows as well as large windows and a door that open directly onto a private garden. The garden is an inviting retreat, ideal for entertaining or relaxing outdoors in warmer months.
A modern fitted kitchen brings practicality and style, while the bathroom combines classic and contemporary touches, boasting a freestanding bath, a walk-in shower cubicle, and an adjacent WC. Throughout the apartments dcor embraces bold, vibrant colours and a distinctive bohemian style, alongside calming neutrals and balanced by original period details such as high ceilings and ornate architraves.
One of the three bedrooms offers excellent potential as a home office, ideal for those working remotely or in need of a quiet creative space. The property also benefits from a share of freehold and forms part of a small, well-maintained building of just three homes, enhancing the sense of privacy and community.
Glenluce Road lies in the heart of leafy SE3, just moments from Blackheath Standard, where a range of independent shops, cafs, two pubs, a library and a Marks & Spencer food hall can be found. Green open spaces are abundant, with Mycenae Gardens in the next road and the sweeping heathlands of Blackheath and the historic Greenwich Royal Park a little further afield.
Transport connections are excellent, with local bus routes to neighbouring areas and Westcombe Park rail station offering convenient links into central London. A number of well-regarded schools are also within easy reach too.
This appealing home offers a fantastic combination of period elegance, creative flair and an unbeatable location, this is a truly wonderful home. Its one that invites you to settle in and make it your own, in a thriving, well-connected neighbourhood.

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

£ 745200

Mortgage Loan to Value

%

Gross Yield

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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
    £ 22500
  • 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

£ 70200
  • 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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