Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£275,000
Bedrooms
Bathrooms
We are acting in the sale of the above property and have received an offer of 300,000 on the above property. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place. SHORT LEASE 61 YEARS REMAINING CASH BUYERS PREFERRED.
A one-bedroom split level apartment within a Period Conversion and set on this popular road close to Peckham Rye and in need of refurbishment. Spanning approximately 707 sqft the property offers a family bathroom on the first floor. The second floor contains a separate kitchen, double bedroom and a living room benefitting from original period features including a fireplace and large windows offering plenty of natural light. The property has the perfect framework for either an investor or someone looking for a home who is willing to take on a project.
We are acting in the sale of the above property and have received an offer of 300,000 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
EPC E
COUNCIL TAX BAND B - Southwark
Leasehold 61 YEARS REMAINING
Asking Price - 275,000
SHORT LEASE 61 YEARS REMAINING CASH BUYERS PREFERRED
A one-bedroom split level apartment within a Period Conversion and set on this popular road close to Peckham Rye and in need of refurbishment. Spanning approximately 707 sqft the property offers a family bathroom on the first floor. The second floor contains a separate kitchen, double bedroom and a living room benefitting from original period features including a fireplace and large windows offering plenty of natural light. The property has the perfect framework for either an investor or someone looking for a home who is willing to take on a project.
Local primary schools include:
John Donne Primary (good Ofsted rating), Angel Oak Academy (good Ofsted rating), Harris Academy Primary (good Ofsted rating)
Local secondary schools include:
Harris Academy (good Ofsted report), Tuke school (outstanding Ofsted report)
Few London residents can claim to get onto the station platform within minutes of leaving their home yet have such quiet enjoyment when indoors. Once inside the property you dont realise you are in a central hub with so many amenities and conveniences on your doorstep, such as Peckham Rye and Burgess Park. The area includes cycle routes, cinemas and local theatres, schools, several gyms, a sports centre with a swimming pool and an award winning multi level library.
In recent years SE15 has become highly acclaimed for its evolving social atmosphere and vibrancy. Residents can enjoy a vast array of shops, cafes, bars and restaurants.
Heres what some of our local residents told us about the accessibility of the locality:
We love the hustle and bustle of Rye Lane with Franks, Peckham Levels, The Bussey Building not to mention Copeland Park where theres a different fair or market every weekend as well as iconic local restaurants like Persepolis, Yadas, Franks, Peckham Bazaar, Larrys and Mr. Bao. You are approximately 5 minutes walk from Bellenden Village extremely popular for its boutique shops, grains stores, pubs, book shops etc. Just beyond is Goose Green and Lordship Lane which offer even more options for great dining, social and recreation.
In addition, you will find a multitude of well-known branded shops (Boots, Primark, Holland and Barratt, Morrisons, Lidl and Currys to name a few) alongside the many independent shops.
Peckham Rye train station is in proximity of the property and offers some of the following travel times:
London Bridge in approximately 14 minutes
Victoria in approximately 15 minutes
St Pancras in approximately 25 minutes
You may also travel to Clapham Junction, Canada Water, Shoreditch, Hoxton, Dalston Junction and Highbury & Islington from this station.
In the opposite direction, Camberwell also has a trendy arts scene. Similarly, to Peckham there is always an exhibition to enjoy or some popular places to eat, drink and socialise. Kings College hospital is also located in Camberwell, a 20 minute walk away or a 5 minute train ride to Denmark Hill.
With so much to offer in the local area and so many features offered by the property, we expect high demand from buyers.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
