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£675,000 Guide Price
Bedrooms
Bathrooms
Guide Price 675,000-700,000
A Spacious 3 Bedroom House In Need Of Modernisation
If you are looking for a house which has an opportunity to update and extend, internal viewing of this property is recommended.
The property has been in the same family for many years and would benefit from a new kitchen which subject to planning could be extended, new bathroom, new plumbing and electrics, replastering if necessary.
There is also an opportunity to extend into the loft subject to planning as many properties in the street have done so.
The accommodation on the ground floor consists of two reception rooms which have been opened up, kitchen, leading to the rear garden. On the first floor you have 3 bedrooms and bathroom. This property is slightly bigger than the usual property in this street as it has an infill approachable from the rear garden.
Westcombe Park Mainline Station providing regular South Eastern and Thames link trains into London Terminals. There is an easy link to the DLR at Greenwich for Canary Wharf or take a train two stops to Woolwich Arsenal for Elizabeth Line. Bus links will provide regular access to North Greenwich Tube for Jubilee Line and Thames Clipper Services. Those commuting by car are within easy reach of A2, Blackwall Tunnel, South Circular and Woolwich Ferry.
There are an abundance of convenient shopping options with Greenwich Shopping Park being located at the bottom of Victoria Way and which provides a wider range of chain stores for your weekly shops with Marks & Spencer, Sainsburys, Asda, Aldi and Lidl as well as a wider range of shops for fashion and general purchases.
There is a fine selection of local schooling, both private and mainstream, with Invicta, Halstow, Sherington and Our Lady of Grace being just a few of the nearby schools. There are also alternative schools such as the Greenwich Steiner School and independent schools such as Pointers and Blackheath High both within a short stroll.
Nearby Mycenae House boasts a vast array of classes and activities for all ages.
The house is particularly well located to benefit from the shops at Blackheath Royal Standard which include M&S food hall, butchers, greengrocers, hairdressers, bakery, dry cleaners, DIY and post office.
Broadband and Mobile Coverage
For broadband and mobile phone coverage at the property in question please visit: checker.ofcom.org.uk/en-gb/broadband-coverage and checker.ofcom.org.uk/en-gb/mobile-coverage respectively.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact and a buyer is advised to obtain verification from their own solicitor or surveyor.
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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