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£2,850,000 Offers in excess of
Bedrooms
Bathrooms
Extremely prestigious double fronted Heaver Estate period home with breath-taking views directly overlooking Tooting Bec Common.
This impressive house is spacious and full of character, evident from the moment you walk into the welcoming reception hall. On the ground floor there are two fabulous reception rooms to the front with large bay windows and high ceilings.
The back of the house has been opened up and extended to create a wonderful living space and kitchen with island unit and breakfast bar, dining area and open lounge area. Bi-folding doors lead onto the attractive garden which is over 60 ft long. Also on this level is the downstairs cloakroom and separate laundry room and stairs down to the cellar which houses four separate storage rooms.
The central staircase leads upstairs and on the first floor, overlooking the common, there are two expansive bedrooms of which the principal boasts steps down to an en-suite shower room. There is another double bedroom and family bathroom on this level.
The second floor is home to a further three double bedrooms, all of which are spacious, a bathroom, and an additional kitchen.
Situation
Hillbury Road is one of the most sought after roads in the Heaver Conservation area as it runs alongside Tooting Bec Common. Balham train station (National Rail and Northern line) is only 0.8 miles away with Tooting Bec tube station (Northern line) 0.7 miles away. There is a huge variety of excellent shops, restaurants and bars in Balham and a great collection of primary and secondary schools in the area.
Property Ref Number:
HAM-53199Your 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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