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£1,550,000 Offers in excess of
Bedrooms
Bathrooms
The impressive accommodation offers superb proportions throughout and has retained a wealth of period character features including ornate staircase, plaster work and encaustic floor tiles. From the entrance hall, there is access down to a useful cellar, a wonderful sitting room with ornate fireplace and bay window to the front. To the rear is a modern kitchen, separate utility room and a dining room opening to the garden. Upstairs, there are five bedrooms and two beautifully appointed family bathrooms. The property further benefits from offering significant scope to extend into both the side return and loft (subject to the necessary planning permission and consents).
Situation
The property is enviably located on Clapham Common. The area boasts a wonderful selection of both private and state schools including Honeywell and Belleville School, Broomwood Hall, Northcote Lodge, Thomass Clapham, Eaton House, Parkgate and the cole de WIX bilingual primary. Nearby Northcote Road provides an extensive range of shops, together with a fantastic epicurean selection of bars and restaurants. There are excellent transport links both by tube (Clapham South) and train (Clapham Junction). Additionally, there are wonderful recreational and sporting facilities at both Clapham Common and nearby Wandsworth Common.
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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