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£2,500,000
Bedrooms
Bathrooms
This substantial, detached, double-fronted family home is the ideal upgrade from a Victorian terraced house. With over 3000 square feet of accommodation (without so much as a cellar, let alone a basement dig), it offers enviable, lateral living space, off-street parking for two cars and a large garden, complete with summerhouse. Peacefully and conveniently located on this highly sought-after street on the leafy fringes of Wandsworth Common, it is also very close to its mainline station, fashionable Northcote and Bellevue Roads and excellent schools.
The wide, bright and substantial houses on this street have long been the envy of the owners of the narrow Victorian homes that dominate locally. Most of those are reluctantly forced to leave the area in search of a large garden and more living space. If youre one of them, hold your horses! This property is blessed with a large garden and a plot-width of 32! (Thats two average Victorian terraces!) not to mention other rare finds; a driveway with off-street parking for two cars, a garden summerhouse, a huge ground floor with options to have a playroom and a study, plus squarer lighter rooms and a sturdier build quality; all qualified to satisfy the demands of the local hordes looking to trade up, especially those without the budget to buy an equivalent Victorian property.
This lovely family home is in good condition and is set back behind automatic gates and a sizeable driveway offering off-street parking for two cars. It has been extended above and behind what was the old garage, (which has made way for the study), out into the garden and up into the loft. So, you could move in and do no works or carry out some cosmetic reshaping to your own tastes.
All bedrooms and study have built-in wardrobes and there is a built-in kitchen on the ground floor with underfloor heating and which includes appliances and a further kitchenette on the top floor. There is also a shower, toilet and room for small kitchen appliances in the summer house and a far infrared sauna on the ground floor.
Leacroft Avenue is a wide, quiet and tree-lined street, made up of 1920s houses, most with off-street parking available. It is beautifully situated off Nightingale Lane just fifty yards or so from Wandsworth Common and its handy mainline station with direct trains through Clapham junction to Victoria plus tube access to The City and West End from nearby Clapham South. There are many highly regarded local schools, whilst fashionable Bellevue and Northcote Roads are close by.
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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