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£450,000
Bedrooms
Bathrooms
Located on the first floor of an attractive Victorian conversion, this well-proportioned one-bedroom apartment offers a comfortable and functional living space. The property is ideally situated for easy access to Clapham Junction, providing excellent transport links to Central London, as well as the wide range of amenities the area has to offer, including the popular Northcote Road with its selection of shops, cafes, and restaurants. Flooded with natural light and retaining original features the property comprises; A spacious hallway, reception room with fireplace that leads into a well fitted kitchen through an archway which gives the feel of open plan and separate room space, generous double bedroom with plentiful built in storage and beautiful sash windows and a modern bathroom suite. The property further benefits from a long lease.
Situation
Set moments away from the popular St. Johns Hill, Cologne road is a peaceful residential street that is formed of grand victorian houses. Moments from the various restaurants, cafes and independent shops of St Johns Hill with an array of popular destinations here. Clapham Junction is nearby providing mainline services to Victoria, Waterloo and West and south toward Heathrow and Gatwick airports.
Property Ref Number:
HAM-57822Your 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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