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£2,750,000
Bedrooms
Bathrooms
A very large double fronted late Victorian family house with extensive accommodation, off street parking for several cars and a spectacular rear garden.
The house has a gross internal area of approximately 2,733 sq ft (253.9sq m) and the layout works well for both entertaining and family life. There is underfloor heating in the kitchen/dining room, utility room and all the bathrooms.
The ground floor offers excellent entertainment space with two reception rooms at the front and one at the rear opening onto the rear garden extending to 105`6`` (32.20m). The spacious open plan kitchen has a middle island/breakfast bar, skylights and floor to ceiling sliding doors opening onto the terrace and mature garden. Additionally, there is a utility room with access to the front of the house and a separate shower room.
On the first floor, there are three double bedrooms including the principal one with a large en suite bathroom with a freestanding bath, walk in shower, WC and two wash basins. There is an additional shower room and separate WC on the same floor.
On the second floor, there are the fourth and fifth double bedrooms as well as a shower room and eaves storage.
The property is situated on a popular residential road, with the nearest stations being Forest Hill and Honor Oak Park with direct trains to London Bridge and access to the Windrush Line for Docklands and the city.
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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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