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£525,000 Guide Price
Bedrooms
Bathrooms
The flat is entered through its own front door on the ground level. To the left and the right of the hallway are two double bedrooms, one with built-in wardrobes. There is also a decent-sized family bathroom.
To the back of the property is a kitchen, with access straight onto the garden. The reception room is lovely and bright thanks to large sliding patio doors, which in the summer allow for excellent indoor-outdoor living.
Outside, the gardens both front and back are huge and offer plenty of opportunities for outside dining and entertaining, shed storage and a garden office. Uniquely, for a property at this price point, there is also a large garage, for added storage or a home business setup.
The location of this flat is brilliant. Putney overground station is just a 12 minute walk away, whilst the underground station at East Putney is just 15 minutes. Access to the A3 is right on the doorstep, making road travel to the South and West of England very simple. Putney High Street with its fantastic array of coffee shops, restaurants and bars is a short walk, as is a large Waitrose in the Putney Exchange shopping centre and the river walks and green spaces along Wandsworth Park and Putney Heath.
Tenure: Share of Freehold
Council tax band: D
Local council: Wandsworth
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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