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£340,000 Guide Price
Bedrooms
Bathrooms
Nestled on Homesdale Road, not far from Bromley town centre and just a 10 to 15-minute walk from Bromley South Station (frequent trains to Victoria), this modern purpose-built flat offers a delightful blend of comfort and convenience. It is also within a short walking distance of local primary schools, making it an ideal location for families. Spanning an impressive 850 square feet, the property features two well-proportioned bedrooms, making it ideal for couples, small families, those seeking a spacious home office, or investors looking to take advantage of the high rental demand in the area.
The flat boasts a bright and airy reception room, perfect for relaxation or entertaining guests. The contemporary design is complemented by two stylish bathrooms - one a large family bathroom and the other an en-suite to one of the bedrooms - ensuring that both residents and visitors enjoy ample facilities. One of the standout features of this property is the charming balcony, which provides a lovely outdoor space to unwind and enjoy the fresh air. Situated on the upper ground floor, the flat offers convenient access via the front entrance, with both communal stairs and a ramp available.
Built in 2008, this flat benefits from modern construction standards, offering energy efficiency and contemporary finishes throughout. Additionally, the property includes a designated parking space, a valuable asset in this bustling area. Residents will find themselves within easy reach of a variety of shops, restaurants, and leisure facilities. Excellent transport links are also nearby, making commuting to London and other surrounding areas a breeze. This flat presents an excellent opportunity for those looking to embrace a modern lifestyle in a sought-after location. With its appealing features and prime position, it is sure to attract interest from a range of potential buyers. Do not miss the chance to make this lovely flat your new home.
Living Room - 5.56 x 5.03 (182' x 166') -
Bedroom 1 - 4.38 x 2.75 (144' x 90') -
Bedroom 2 - 6.28 x 2.87 (207' x 94') -
Map location is not available for this property.
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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