5 bedroom terraced for sale

£2,200,000

5

Bedrooms

2

Bathrooms

Floorplan

This rare gem of a house almost has it all: extra-width, large garden (51), sunny southwest aspect, open rear outlook, huge untapped potential, not to mention some handsome original Victorian features - and its all (incredibly) in the (likely) catchment for Honeywell school. With some extension and investment this property has the potential for over 3500 square feet of accommodation which, together with said garden, would, youd be forgiven for saying, make it not only the best house on this highly sought-after street but arguably one of the best single fronted terraced houses between the commons. On the market for the first time in over forty years, you can expect to update and refurbish. But what you are getting here is a prime plot with no chain!

This imposing Victorian family home (already over 2500 square feet) is an exceptional property and a rare opportunity indeed. This is virtually the only place youll find a house with a 50 + south-west facing garden between the commons. In addition to enabling a spot of lawn cricket with the kids, it also allows for significant rear expansion at ground (and potentially basement) level to create a splendid and enviable family home. This Victorian 5bedder is not only southwest-facing at the back but is also further blessed with a rear outlook over the substantial gardens of Blenkarne Road directly behind.

Already extended into the loft, an incoming buyer would be mainly able to focus their minds on ground and basement levels to maximise the propertys huge potential. But the existing layout has been well thought out to suit a growing family, with plenty of ground floor living space courtesy of the sizeable conservatory extension, a downstairs WC and a large cellar. Equally, upstairs provides five spacious double bedrooms with a generous bathroom on each floor. So, whilst it may be that the next owner doesnt stay for forty years, they undoubtedly could and one can easily see why they would.

The property is located close to Northcote Roads fashionable restaurants, bars and shops, with tube/train connections nearby at Clapham South, Wandsworth Common or Clapham Junction giving good access to The City and West End. It is close to numerous excellent schools including the highly sought-after Honeywell and Belleville primary schools and the relatively recently-opened secondary school, Bolingbroke Academy. Both Wandsworth and Clapham Commons are nearby with beautiful green spaces and good recreational facilities.



Features
  • Freehold

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

£ 1882950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 55000
  • 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

£ 232950
  • 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

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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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