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£875,000 Guide Price
Bedrooms
Bathrooms
A three bedroom bay-fronted Victorian home nestled mid-terrace on a desirable road in East Greenwich. The property is offered in excellent decorative order throughout featuring a double reception room on the ground floor providing great living/dining space and featuring a period style fireplace and exposed wood floorboards. To the rear is a modern eat-in kitchen with ample kitchen storage and utility space with a family bathroom suite just behind. The garden is leafy and secluded providing a fantastic space for outdoor family and entertaining space. The first floor comprises of three generous double bedrooms with the impressive principal bedroom at the front featuring a large bay window and exposed floorboards. There is a shower room also located on the first floor. While currently a spacious family sized home, there is also potential to extend into the loft to create another bedroom as well as extending the kitchen to the full width of the house (subject to local planning consent).
Situation
The property is positioned on Chevening Road providing easy access to local transport links and amenities. Westcombe Park Mainline Station is a short walk away with direct connections to Canary Wharf (change at Greenwich for DLR), London Bridge, Cannon Street and Kings Cross. North Greenwich Jubilee Line Station is a short bus ride away for a quick journey to Canary Wharf and the West End. The property is within walking distance of all the amenities and attractions the area has to offer such as the Pleasaunce, Greenwich Park and Market, the National Maritime Museum and the river. There are also a number of well-regarded schools and childcare options for families to consider including nearby Halstow Primary School.
Property Ref Number:
HAM-58014Your 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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