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£550,000
Bedrooms
Bathrooms
Smart 3 double bedroom, 2 bathroom, first and second floor maisonette flat with two large double rooms to the front and a slightly smaller double bedroom to the rear, large living and dining room and separate kitchen. It is located in a popular Southfields neighbourhood just off West Hill Road, only a 10 -15 min walk to Southfields Tube Station (District line) or Southfields village with its wonderful selection of coffee shops, restaurants and stores or just a 10-minute walk to the Southside Shopping Centre. It has excellent local bus routes to Wandsworth, Putney and Clapham Junction or South Wimbledon and has the option of roadside permit parking.
The flat entrance is located on the first floor with entrance hall leading to a large double front living and dining room with plenty of space for two large sofas and also a dining table, there is a separate kitchen with gas hob and oven, large fridge Freezer, washing machine, and space for a kitchen table and chairs. There is also a shower room with wc and hand basin, and heaps of useful cupboard storage.
Upstairs there are two large double bedrooms to the front of the property and one slightly smaller double to the rear, all have built in wardrobes and are bright rooms. There is a modern fully tiled bathroom with an oversized walk in shower, high gloss white sink unit and wc and heated towel rail.
The flat has been recently redecorated and has beautiful laminate flooring downstairs and upstairs in the bedrooms with carpet on the stairs. The flat has plenty of additional storage space throughout, fully double glazed windows and a gas combination boiler.
Location - The flat is located on West Hill Road which is a popular Southfields neighbourhood it is only a 12-15 minute walk to Southfields Tube District line station and Southfields Village, or to Wandsworth town centre. It also has excellent local bus routes to Wandsworth, Putney or South Wimbledon.
The property would make an ideal family home or an investment property.
EPC - C69
Council Tax = D (Wandsworth)
Gas Central Heating
Double Glazed
Wandsworth Permit Parking available
Broad Band - Virgin or Sky available
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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