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£3,250,000 Guide Price
Bedrooms
Bathrooms
This attractive detached house has mellow herringbone brickwork and part timbered elevation. The entrance porch leads to a spacious entrance hall with a cloakroom and an arch leading to the drawing room. This room is double aspect and has a sliding patio door to the garden. The hall also leads to the dining room, kitchen/breakfast room and rear lobby. At this level there is also a garage, bedroom and shower room which is accessed only from the side of the house. A staircase leads from the main hall to the first floor with a main bedroom at the rear, which overlooks the garden and has a large en-suite bathroom. Three further double bedrooms, one with an en-suite, and a shower room are also on this floor. The second floor has a loft room with a cloakroom which has the potential to be converted into a shower room.
Outside
The property enjoys a generous rear garden with a perfect south westerly aspect. The garden has a large lawn area and patio, with shrub beds and mature trees and a number of mature evergreen bushes. The property is well screened from other properties. To the front of the property is a parking area and a further lawn, bushes and a low brick wall.
Situation
Somerset Road is a short distance from both the All England Tennis Club and Wimbledon Common. Wimbledon village offers designer boutiques, bars and restaurants whereas the town offers further shopping, leisure and transport facilities with regular and fast trains to London Waterloo. Wimbledon Park and Southfields stations are also conveniently located close by. The A3 provides road access to either Central London or the South.
Property Ref Number:
HAM-56009Your 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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