5 bedroom terraced for sale

£2,400,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

An exquisitely finished five-bedroom terrace house, part of this exclusive new development featuring seven luxury houses. Located just a few hundred yards from the village, this impressive development boasts exceptional standards of craftsmanship.

This stunning residence is part of the original mansion house, dating back to 1896, and still retains several original features. An external porch leads through a feature arched front door into the main reception space. This room boasts beautiful wooden flooring and panelled walls, offering a classic ambiance with a contemporary twist. The stylish kitchen is perfectly complemented by the original Crittal church-like windows and fully integrated with Miele appliances, adorned with gold fittings and a magnificent marble worktop. A living space, complete with bespoke built-in cabinetry and a gas fire, adjoins the kitchen, along with a dining area, a spacious square bay, and two garden access doors. At lower ground level, a fantastic bedroom suite features a living space, sliding glass doors opening onto a sunken patio, a dressing room with bespoke built-in wardrobes, and a luxurious bathroom boasting a freestanding bath. Additionally, this level includes a sizable storeroom and a plant room. On the first floor, three bedrooms, all with built-in wardrobes, await, with one benefiting from an en-suite shower room, and a remarkable family bathroom serves the others. The top floor hosts a further bedroom with built-in wardrobes and a WC. Each bathroom is appointed with gold fittings and luxurious marble tiling. The south-facing walled rear garden, stretching almost 80ft, features a mainly laid to lawn area and a patio adjacent to the house. Throughout the property, underfloor heating and air conditioning ensure comfort and convenience.

Situation

Blackheath Park is a picturesque, tree lined street found on the prestigious Cator Estate. Quite literally at the end of the road you will find Blackheath Village with its array of shops, cafes, bars and restaurants. In addition to these amenities, the Conservatoire is a family friendly hub of the local community offering art, drama and music classes as well as hosting various events. On the north side of the village is the open heath which is a jewel of South East London and makes an idyllic recreation area with Greenwich Royal Park beyond. Blackheath station is ideal for commuting into town with regular services in to London Bridge (13 minutes), Charing Cross, Cannon Street and London Victoria. One stop down the line will bring you to Lewisham Station where the DLR provides regular services into Canary Wharf and Bank. Those who are considering schools will have a number of options for both state and public education. Local schools include the hugely popular and Ofsted Outstanding Brooklands Primary School, Heath House, Blackheath Preparatory School and The Pointers School. Further afield, Eltham and Dulwich Colleges run a bus service directly from Blackheath Village.

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

£ 2061950

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
    £ 60000
  • 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

£ 261950
  • 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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