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£1,400,000 Guide Price
Bedrooms
Bathrooms
'' GUIDE PRICE 1,400,000 - 1,450,000 ''
Four bedroom terraced Edwardian property in need of renovation but with potential to extend (STPP), providing a buyer the opportunity to create a beautiful home exactly the way they want it and purchase chain free. Located on a sought after road in the Westcombe Park conservation area, just a short walk to the station and nearby to both Greenwich Park and East Greenwich Pleasaunce.
Internally the property measures almost 1800sqft and comprises a lounge to the front with a large bay window, a dining room which steps down to the kitchen where you a side access to the garden and an expansive back reception room with double doors access to a decent sized garden which faces East. On the lower ground floor there is a seller which is accessible from under the main staircase.
On the first floor you have a large 16x16ft primary bedroom with bay window, a double bedroom, W/C, shower room, a single bedroom and the last double bedroom faces out to the garden.
Other benefits include period features, off street parking, great storage, and a beautifully mature garden.
The house is well-served for transport and shops. Nearby Westcombe Park mainline station connects to London Bridge and Cannon Street, as well as being served by Thameslink. Greenwich Village has both the DLR (Cutty Sark station) and the Thames Uber River bus. North Greenwich in on the Jubilee Line. Westcombe Park is also two stops away from Woolwich which has frequent Elizabeth Line services.
The area offers several acclaimed schools such as Blackheath High, The Pointer School, Invicta, and many other established learning institutions for all ages.
The Royal Borough of Greenwich - Council Tax Band - G
Energy Efficiency Rating - E
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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