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119 Burnt Ash Road Lee, London
£875,000
Bedrooms
Bathrooms
A spacious 1930s built three bedroom semi detached family home situated in a popular residential road backing on to Old Colfeians playing fields and boasting a large triangular plot offering potential for development with the relevant planning permissions.
Accommodation briefly comprises entrance hall, large through lounge, fitted kitchen with granite work tops. On the first floor there are three well proportioned bedrooms, bathroom and WC. The rear garden measures approximately 116ft x 102ft and provides enough room to build a large wrap around extension, subject to planning. There is a driveway to the front providing off street parking and a detached garage.
Lee Station offers links into London Bridge, Cannon Street & Charing Cross in as little as 12 minutes while also linking to the various lines available at Lewisham including the DLR. Kidbrooke station is also close by with additional links to Victoria Station. Blackheath Village is easily accessible with a range of eateries and Hither Green is also within easy reach with independent shops and eateries. It is also just a short walk to Sutcliffe Park Sports Centre and Nature Reserve as well as the popular David Lloyd Sports Club with a range of activities for the whole family to enjoy.
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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