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£2,950,000 Guide Price
Bedrooms
Bathrooms
An attractive five bedroom detached house, occupying a prime spot on the west side of Parkgate. This impressive home has been extended to the rear and into the loft to create a wonderful family home.
The house is set back from the road behind a large gravel drive and pretty front garden and is entered into a welcoming entrance hall with feature arched window that fills the hall with natural light. Attractive wooden flooring leads you through to the front reception room with dual aspect windows and a column radiator. The back of the house has been extended and completely opened up to create a fantastic entertaining space with bi-folding doors out to the garden. The kitchen is made up of high gloss units with a wooden worktop, integrated appliances and a breakfast bar. There is a separate utility room, WC and a garage which is currently being used as a gym.
There are four generous bedrooms on the first floor, one if which has an en-suite shower room and a further family bathroom. Finally, the loft has been converted into a fifth bedroom along with ample eaves storage.
The impressive rear garden is west facing and mainly laid to lawn. There is a stone patio out from the house and a fantastic raised decked area to the side along with an outside kitchen area.
Situation
Parkgate is a picturesque street found on the prestigious Cator Estate. Blackheath Village is within close proximity, where you will find 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.
Property Ref Number:
HAM-56396Your 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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