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£1,400,000
Bedrooms
Bathrooms
Set on one of Bromley Souths finest roads is this characterful, five-bedroom, detached house, located within the catchment for the popular Highfield School, Langley schools and a short distance to Bromley town centre. The property is chain free and is also situated on a cul-de-sac.
Having undergone a complete refurbishment and programme of interior design, the specification is both luxurious and contemporary and the accommodation has been excellently designed to provide superb family living space.
The property comprises; large entrance hall, downstairs toilet, two separate spacious reception rooms, formal dining room which was recently converted from a garage. The kitchen stretches across the back of the property and benefits from a mixture of fitted and free-standing appliances.
Upstairs boasts four excellent size bedrooms, two of which has built in appliances, a three-piece family bathroom and separate shower room. The loft has recently been extended which is now the master bedroom benefitting having a Juliet
balcony and has its own en-suite shower room.
Externally the rear garden has been beautifully landscaped in a modern and contemporary style, with large patio and grass lawn bordered by mature shrubs and sculptured planting. At the end of the garden is a summer house/home office complete with electricity and heating, finished in keeping with the main house.
Other benefits include off street parking, potential for further expansion (STPP) and double glazing throughout.
Highfield Drive is a very popular road situated just off Cumberland Road in Bromley. Bromley South (zone 5) & Shortlands Station (zone 4) are both 0.6 miles and offers fast and frequent connections into London via Victoria and Blackfriars. Bromley town centre which benefits from an array of shops, restaurants and cinema complex is a short distance further. Local schools include the highly regarded Highfield Primary, whilst both Langley and Ravensbourne offer secondary education. There is also an excellent foundation bus service to Dulwich College, Alleyns and James Allens Girls school.
Tenure Freehold / Council Tax London Borough Of Bromley Tax Band G / Energy Efficiency Rating - D
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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