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£850,000
Bedrooms
Bathrooms
James Pendleton has the pleasure in introducing to the market a decadent Victorian conversion flat situated in the heart of Clapham South on a popular residential road.
To the front of the property is an impressive reception room with plenty of character, a feature fireplace and parquet flooring give the room a grand feel. Two double bedrooms with built in storage and a family bathroom occupy the centre of the property surrounding a light well. Towards the back of the flat, the property has been extended into the side to create a large eat-in kitchen, ideal for entertaining, with bi-folding doors leading to the South facing garden - an idyllic oasis perfect for summer evenings.
The accommodation extends to over 800 sq. ft., and has been finished to a beautifully high standard with the period charm rich in every room. There is also a cellar providing useful storage space which has been modernised to provide a WC, utility room and storage to the front.
Situated a stones throw away from the Northern Line at Clapham South, the location is perfect for commuting into the City. A short walk down the hill will allow you to experience the buzzing restaurants, bars and cafes of Balham and another mode of transport via the National Rail at Balham station.
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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