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£1,950,000
Bedrooms
Bathrooms
A fantastic opportunity to purchase an extended split-level garden flat situated on the Lower Ground Floor and Raised Ground Floor of a charming Victorian conversion on the highly sought after Fawcett Street. Spanning over 1,447sqft with excellent ceiling height, the property offers bright and grand proportions throughout, maintaining all the historic Victorian characteristics.
Upon entering the flat on the raised ground floor, you are welcomed by a bright and airy double reception room with a floor to ceiling bay window, a great sense of flow through to the dining room, separate kitchen and the 3rd bedroom/study which gives direct access to the 57ft private garden. The flat offers two well-appointed double bedrooms with en-suite bedrooms and a walk-in wardrobe. The property offers a rare double height extension to the rear while keeping within the grand proportions of this exceptional Victorian house.
Fawcett Street is a highly sought-after location and is well located close to the restaurants, bars of both Hollywood Road and Fulham Road. West Brompton and Earls Court Tube Stations (District, Piccadilly, and overground lines) at 0.6 miles which provide access across London, with an additional benefit of easy access to the M4.
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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