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£345,000 OIRO
Bedrooms
Two Good Sized Bedrooms I Share of Freehold I Close Proximity to Colliers Wood Tube Station
A well-proportioned two-bedroom ground floor maisonette with a private garden, ideally located on a quiet no-through road just moments from Colliers Wood High Street. The property also comes with a 50% Share of freehold. The property comprises an entrance hall, open plan lounge and kitchen with essential appliances, two bedrooms, and a bathroom.
The interior is presented in a good decorative order throughout, offering a neutral colour palette and a great opportunity for buyers looking to personalise. The location offers excellent access to both Tooting and Wimbledon, with a wide variety of local shops, restaurants and bars just a short walk away on Colliers Wood High Street. Wandle Park and Wandle Meadow Nature Park are also nearby, providing great local green space. Colliers Wood Underground Station (Northern Line) is approximately a 10-minute walk fromtheproperty.
Tenure: Leasehold with share of Freehold
Service Charge: 0
Ground Rent: 0
Vendor Position: Chain Free
Energy PerformanceRating:C
Map location is not available for this property.
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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