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£2,600,000
Bedrooms
Bathrooms
A substantial detached double fronted Victorian house of approximately 4,001 sq ft (371.7 sq m) with extensive accommodation that includes eight bedrooms, four bathrooms (two en suite), two reception rooms and an expansive open plan kitchen with a dining area and a snug.
The house i s in very good decorative order throughout and retains many period features including bay windows, cast iron fireplaces, wood flooring, cornices and carvings. The layout works well for both entertaining and family life.
The ground floor offers a spacious triple aspect open plan kitchen running the full length of the house with a dining area, a middle island and snug opening onto the rear terrace. There is an elegant large reception room at the front and a second one at the rear currently used as an office. Additionally, there is a separate WC and a renovated basement with reasonable head height which can be accessed from the entrance hall. The rear garden is south facing and measures 50`10 x 34`0 (15.50m x 10.37 m).
On the first floor, the principal bedroom is complete with an en suite walk-in wardrobe and bathroom which includes a free standing bath, walk-in shower, dual wash basins and WC. There is a family bathroom and four further bedrooms; one with en suite shower room.
The sixth, seventh and eight bedrooms are on the second floor. A second family bathroom, storage space and a utility room/kitchen are on the same floor.
At the front of the house, there is a light gravelled carriage driveway which provides hard standing for several cars.
The property is within easy reach of schools including Dulwich Prep & Senior, Rosemead, Oakfield and Dulwich College. The nearest stations are West Dulwich (Victoria and Blackfriars), West Norwood (Victoria and London Bridge) and Tulse Hill (London Bridge and Thameslink).
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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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