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119 Burnt Ash Road Lee, London
£850,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 850,000 - 875,000
A beautiful four double bedroom, two bathroom 1930s extended semi detached family home situated in a popular road within easy reach of Lee train station, outstanding local schools, shops and restaurants.
This superb house boasts accommodation measuring in excess of 1500 sq ft and briefly comprises entrance hall, ground floor WC, separate lounge, spacious modern fitted kitchen, extended dining room with bi-folding doors leading to the rear garden, a utility room and a small garage. On the first floor there are three bedrooms and a contemporary family bathroom. The loft has been converted to create a double bedroom with an en-suite shower room.
The south facing rear garden backs on to woodland and has a large decked area, plunge pool and to the rear there is a summerhouse that could be used as a games room/gym or an office.
Lee train station, Colfes school and a variety of local shops, restaurants and bars are all within a short walk. The Lord Northbrook pub on Burnt Ash Road offers a varied selection of Ales and seasonal hot and cold food. Blackheath Village, Lewisham Town centre and DLR are also easily accessible.
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.
119 Burnt Ash Road Lee, London
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