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£775,000
Bedrooms
Bathrooms
Hamptons has great pleasure introducing to the market this immaculately presented ground floor garden flat in the Telford Park Conservation Area, beside Tooting Common. Boasting well over 1,000 square feet of internal space, with exceptionally high ceilings and particularly grand proportions throughout.
Two double bedrooms (one of which is ensuite), with the second bedroom even larger and with stained glass windows, fireplace and generous built-in clothes storage.
A 24 Ft long kitchen with a feature breakfast island, large skylight and further storage. There is also a fold-out office space, concealed within the storage units that packs away neatly when not in use.
A grand reception room, with many period features and ceiling plasterwork still intact and featuring a large octagonal bay window which floods the room with natural light, looking directly over the mature garden.
Large family bathroom with a shower over bath arrangement and additional storage space.
Garden and patio area: the flat boasts two private outside spaces; the first being a large lawned garden with gravel seating area, shed and vegetable boxes accessed by French doors from the reception room. The second outdoor area is a paved south-west facing patio accessed via glass sliding doors from the kitchen, currently used for a barbeque/seating area, getting all day sun due to its favourable orientation and allowing convenient storage for bicycles with access to the street.
Situation
The flat itself enjoys a prominent position on the corner of Salford Road and Sternhold Avenue, allowing more space between neighbouring buildings in addition to a larger garden than is typically found in this area. Salford Road is known to be amongst the most popular and sought after within the highly regarded Telford Park Conservation Area located just off the tranquil spaces of Tooting Common and offering easy access to the amenities and transport links of both Balham and Streatham Hill
Property Ref Number:
HAM-56218Your 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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