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£1,850,000
Bedrooms
Bathrooms
This substantial and beautiful, five-bedroom, family house, with a south-facing garden of almost 30 and an abundance of original Victorian features, is already over 2000 sq. ft. with potential to extend further. Located on one of the most sought-after locations Between the Commons; the sunny, south side of this prestigious, quiet and tree-lined street, running off Clapham Common West Side. It is half a mile from Clapham South tube and close to excellent schools and fashionable Northcote Road. No chain
The house retains marvellous, preserved, Victorian features including stained-glass front door, mosaic-tessellated hallway floor, a pair of handsome fireplaces in the double reception room (which also has its original stripped dividing doors, stripped wooden floors and high ornate ceilings) and a lovely fireplace in the master bedroom. The elegant double reception room also has a large bay window to the front and a door out to an enclosed patio at the rear. The house is well maintained, neutrally decorated and is double-glazed throughout. It is also offered with no forward chain.
The kitchen is extended to the rear (the garden was originally 38 long) by the addition of a conservatory which provides a lovely extra living space. The kitchen area itself is well fitted, with neutral wall and base units and includes integrated cooking appliances, a freestanding fridge and a dishwasher.
The sunny south-facing garden, which now measures a shade under 30 is a delight; mainly laid to lawn with a decked dining area and mature, attractively-planted borders, including two mature fruit trees. It also has useful rear access well suited for cyclists and gardening.
A downstairs cloakroom is located off the conservatory. The full side return extension has not been done but this would add additional living space if required. The under-hallway cellar could also be further developed to potentially create a whole new floor of living space.
Upstairs the five double bedrooms are served by three bath/shower rooms, one of which is en-suite to the loft bedroom. This same loft room also houses the washing machine and dryer (both included) in a separate utility area. All bedrooms are generously sized, some with built-in storage.
Transport can be found at Clapham South (underground) 800m away, and Clapham Junction (overground) 1km away, both having direct access into The City and the West End. Good schools in both the state and private sectors are nearby and the house is within easy reach of fashionable Northcote Road. It is also just around the corner from Alfriston Roads handy convenience store/post office. The quietest section of Clapham Common is at the end of the road and this together with nearby Wandsworth Common provides beautiful green spaces and good recreational facilities.
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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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