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£685,000 Offers in excess of
Bedrooms
Bathrooms
James Pendleton are delighted to introduce to the market a charming two bedroom Victorian maisonette located in the heart of Clapham South. The accommodation offers a mix of neutral dcor, contemporary fittings and period features, including high ceilings and feature fireplace. The private front door leads to a welcoming entrance hall boasting ample under stairs storage space. To the front of the property is a bright reception room with hardwood floors just behind is a generous newly fitted high specification kitchen breakfast room. Towards the rear of the property are two well-proportioned double bedrooms and a recently renovated luxury bathroom with under floor heating and Villeroy & Boch fittings. The property also has the advantage of a private patio garden which is accessed from the hallway. An extended lease will also be offered upon completion with an additional 90 years added to the existing term remaining.
Lynn Road is a highly desirable, quiet, residential road running between Cathles Road and Yukon Road. Clapham South underground station (Zone 2) is a convenient short walk from the flat providing direct links to the City and the West End. The increasing number of vibrant and bustling shops, bars, restaurants, cafes and leisure facilities local to Clapham South, Balham and Abbeville Village are also within a moments walk of this much sought after flat.
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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