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£200,000 Guide Price
Bedrooms
Bathrooms
Guide Price 200,000 - 210,000. CASH BUYERS ONLY. HI Residential is pleased to present this two double bedroom top floor purpose-built flat, ideally located for easy access to Plumstead Common and Woolwich town centre. Offering generous living space and a private balcony, this property represents a fantastic opportunity for buyers looking to modernise and add value.
The accommodation includes a secure communal entrance with entryphone system, a welcoming entrance hall, a bright lounge with access to the balcony, and a fitted kitchen conveniently located just off the living area. There are two well-proportioned double bedrooms and a white bathroom suite.
While the property would benefit from general updating, it already benefits from gas central heating and double glazing throughout, offering a solid foundation for refurbishment.
Currently tenanted, the flat will be offered chain free upon completion, making it an appealing option for both investors and residential buyers seeking a project in a well-connected and desirable location.
Early viewing is recommended to appreciate the potential this property has to offer. Contact HI Residential today to arrange an appointment.
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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