3 bedroom detached for sale

£1,300,000

3

Bedrooms

3

Bathrooms

Floorplan

A wonderfully spacious three, bedroom link-detached 1980s home with three bathrooms, tucked away on a highly sought after prestigious private road in Blackheath just moments from Greenwich Park and The Royal Standard.

The house is arranged over two floors, you enter through a porch in through the front door, you are then welcomed by a spacious hallway which leading in to; a 23 foot reception room which opening in to a conservatory/sun room, a shower room with W/C and basin, fitted kitchen with characterful serving hatch into the front room. There is access to a large workshop formally a garage but now a fantastic storage space and a utility room. To the rear is a foot South facing garden encased by trees.

Occupying the first floor you have a large master bedroom with built in wardrobes and an en suite shower room, two large double bedrooms and a large family bathroom. Other benefits include gas central heating, double glazed windows throughout and off street parking.

Spoilt for choice, there are an abundance of green open spaces, pubs, restaurants and parkland to enjoy including one of the largest single green spaces in south east London. The cosmopolitan village of Blackheath with its wide-open heath is just a short walk away providing a beautiful green spot to take advantage of as well as an excellent array of restaurants, boutiques, delicatessens. and mainline station and the heath just beyond.

Greenwich is also within easy reach, the highly desirable and the renowned Greenwich Park, the oldest Royal Park in London and covering 74 hectares, is just a short walk away and offers the ideal space to exercise, relax or simply soak up the amazing panoramic views of the London skyline. As well as a number of other magnificent things do and see including a world heritage site, Cutty Sark, and Greenwich Market to name just a few.

Both Maze Hill & Blackheath mainline stations are a mile away and each offer quick connections into Central London. Lastly there are excellent schools nearby both Primary and Second, with the majority rated OUTSTANDING by Ofsted.

The Royal Borough of Greenwich - Council Tax Band - F
Energy Efficiency Rating - C

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1081450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 32500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 106450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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