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£3,500,000
Bedrooms
Bathrooms
A grand Victorian detached double fronted house with a spectacular mature rear garden, well located for excellent schools including Dulwich College, Alleyn`s, JAGS and St Dunstan`s.
Set back from the road with a front garden and gravelled carriage driveway providing parking for several cars, the house has a gross internal area of approximately 4,374 sq ft (406.4 sq m) - excluding the vault storage, loft space and sheds (5,395 sq ft/ 501.2 sq m inclusive) and retains many period features: high ceilings, orginal floorboards, fireplaces, sash windows, cornices and stained glass door.
On the raised ground floor, there is the elegant entrance hall which gives access to three reception rooms. The lower ground floor offers the fourth spacious reception room and open plan kitchen with a large middle island/breakfast bar, walk-in larder, roof lantern and dining area leading to a large paved patio, ideal for outdoor entertainement. The rear mature garden measures 175`6 x 53`2 (53.50m x 16.20m) which excludes the pond area at the far end. Additionally there is a utility room, vault storage, boot room and separate WC.
Three double bedrooms, a Jack and Jill shower room with a double vanity units, WC and a walk-in shower and an extra separate WC are on the first floor. The top floor comprises three further double bedrooms and a bathroom including an inset bath, walk-in shower, wash basin and WC. There is also a separate wet room.
Fairlawn School and Horniman Primary are nearby state schools. The very popular Horniman Museum and Gardens and Dulwich & Sydenham Hill Wood are also nearby. At Forest Hill station there are direct trains for London Bridge, Canada Water, Shoreditch and Highbury & Islington and also good bus routes.
EPC Rating E. Tax Band G.
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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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