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£450,000 Offers in excess of
Bedrooms
Bathrooms
Welcome to this charming property located on Burnt Ash Lane in Bromley! This delightful house boasts one reception room, three cosy bedrooms, and a well-appointed shower room. Situated in a convenient location, this 1970s style semi-detached property offers a garage to the rear, providing space for your vehicle or just extra storage. For those who enjoy the convenience of having amenities close by, youll be pleased to know that there is a Tesco local just a stones throw away. Whether you need to grab groceries or simply fancy a quick snack, everything you need is within easy reach. Although this property is in need of modernisation, it presents a fantastic opportunity for those looking to put their own stamp on a home. The property now boasts a brand new tiled roof after spray foam had been installed in the past, which is not liked by mortgage companies, and the most efficient way to rectify was by installing a complete new roof covering after the foam removal. Offered with vacant possession, you have the freedom to transform this house into your dream abode. Dont miss out on the chance to own this wonderful property in a sought-after location. Contact us today to arrange a viewing and start envisioning the possibilities that this house has to offer!
Lounge - 4.94 x 4.02 (162' x 132') -
Kitchen/Diner - 4.96 x 2.54 (163' x 83') -
Bedroom 1 - 4.04 x 3.01 (133' x 910') -
Bedroom 2 - 3.68 x 3.04 (120' x 911') -
Bedroom 3 - 2.42 x 1.82 (711' x 511') -
Shower Room -
Garage To Rear - 4.88 x 2.74 (160' x 811') -
Rear Garden -
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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