2 bedroom cottage for sale

£450,000 Offers in excess of

2

Bedrooms

1

Bathrooms

Floorplan

Ideal for first-time buyers looking to make a home for themselves in one of South-Londons most well-connected neighborhoods, welcome to this stunning cottage.

Set over two floors, the home boasts two generous double bedrooms upstairs, each filled with natural light and offering a warm, tranquil retreat. The ground floor features a beautifully presented open plan living and kitchen area, which is simply ideal for entertaining or relaxing in style.

The space is both airy and inviting, with a seamless flow out to a private south-facing garden, providing a sunny and serene outdoor haven for morning coffees, summer barbecues or for simply unwinding in nature. For home workers, there is also a large outdoor workspace or storage area - whichever you prefer.

Inside, the home exudes a unique sense of real quality, with stylish finishes and thoughtful touches throughout. A modern well-appointed bathroom completes the interior, while added convenience is presented in the form of a private driveway space for one car - a rare find in this area. One can also find a large loft space which is fully boarded with light, that offers an extra storage area.

Baldry Gardens is ideally positioned just a short stroll from Streatham Common, offering wide open green spaces and a charming cafe. Nearby, Streatham High Road is home to an array of independent shops, supermarkets, restaurants, gyms and coffee spots.

For commuters, the transport links are excellent - with Streatham and Streatham Common Stations both within walking distance, offering swift and direct services into London Victoria, London Bridge, and the City. A network of local buses and easy access to the South Circular make getting around London effortless.

This lovely cottage combines peaceful living with outstanding connectivity and amenities - a truly special place to call home.

This property offers an attractive expected rental yield of approximately 5.3%, making it an excellent investment opportunity.

EPC rating: D. Tenure: Share of freehold, Service charge description: Ground Rent is Peppercorn - 1 per year,

Map location is not available for this property.

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

£ 373950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 11250
  • 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

£ 36450
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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