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£2,000,000 Guide Price
Bedrooms
Bathrooms
Guide price 2,000,000 - 2,200,000
A beautifully presented six bedroom Victorian home, situated on a desirable tree-lined road within the Westcombe Park Conservation Area.
This charming home is accessed via a pretty tiled path and entered at hall floor level into a welcoming hall. Exposed wooden flooring leads you through to the impressive double reception room which is filled with natural light from a large bay window to the front and two large sash windows to the rear. This room has two fireplaces, both with marble surrounds, ornate cornicing, ceiling roses and column radiators. There is also a study on this floor. The wonderful kitchen/diner occupies the entire lower ground floor with a door out to the rear garden. The bespoke solid wood kitchen is beautifully finished with a stone worktop, integrated appliances including a Lacanche range cooker and a wooden central island. There is a handy utility room off the kitchen and a dining area at the other end of the room. There are six bedrooms across the top two floors of the house, most of which have period fireplaces, and two modern bathrooms.
The rear garden has been thoughtfully landscaped with a raised, reclaimed Yorkstone patio out from the house with a built in outdoor kitchen. A few steps lead you down to a large area with an artificial lawn which is surrounded by contemporary fencing.
Situation
Mycenae Road is well located for amenities in almost every direction, whether its a stroll through the park to Greenwich town centre, south across the heath to Blackheath Village or east towards Blackheath Standard. Westcombe Park Station is at the bottom of the road and provides regular services to London Bridge and Cannon Street. Alternatively, from Greenwich town centre Cutty Sark DLR station has regular services to Canary Wharf and Bank. Looking at schools, there are several state and public options in the local area including, Greenwich Woldorf School, Halstow School, The Pointers School and Blackheath High School.
Property Ref Number:
HAM-57363Your 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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