3 bedroom detached for sale

£1,175,000 Guide Price

3

Bedrooms

3

Bathrooms

Floorplan

A rare gem in the heart of Blackheath, this three bedroom semii detached house is just yards from the open heath and a 5 minute walk from the centre of the village. The property offers potential to extend and reconfigure (STPP) making it an exciting project for the visionary. The accommodation comprises D/S cloak room, open plan well fitted kitchen/dining area with access to garden, steps to good size lounge with new large patio doors open to garden, curved stairs to first floor, master bedroom with built in wardrobes along one entire wall and en-suite shower w/c, family bathroom, second double bedroom, third large single bedroom. Benefits include secluded pretty garden with patio area and central lawn, side access to garden, double garage with electronic up and over door, neutral decor.
The house is conveniently positioned close to Brooklands, All saints and John Ball primary schools, and the wonderful choice of many prep schools including Blackheath Prep, Pointers, Blackheath High and Heath House.
Picturesque Blackheath Village itself has an extensive range of boutiques, bars, artisan bakeries and restaurants including our popular Ivy Cafe. A pleasant walk across the open heath you will find the entrance to Royal Greenwich Park. In addition to these amenities, the Blackheath Conservatoire is a family friendly hub of the local community offering art, drama and music classes as well as a nursery and hosting various events.
Transport links to central London are provided from Blackheath mainline railway station (10 mins to London Bridge), and one stop for the Docklands Light Railway link to both Canary Wharf and the City. There are also links from Blackheath to Abbey Wood for the Elizabeth line.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 972075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 29375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 90825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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