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£2,000,000 Offers in excess of
Bedrooms
Bathrooms
A stupendous six bedroom Grade 2 listed family house in need of total renovation and modernisation.Albert Square is an outstanding example of one of London`s famous `garden squares`. Built on what was originally market garden land in the mid-19th century it was completed between 1848 and 1851. Comprising of servants` living quarters in the basement and a living room and kitchen on the ground and then six bedrooms, a bathroom and a laundry room on the upper floors with an impressive rear garden and with access to the central square garden.
Located within easy reach of both the Oval and Stockwell Underground stations, main bus routes and local shops, bars and restaurants.
Basement- Front Room: Fireplace. Corner cupboard. Shelves. Door to front.
Pantry Room: Fireplace. Two pantry cupboards.Fireplace.Butler sink.
Cloakroom: WC
Recessed larder .
Ground floor - Hall: Picture rail.
Front Living Room: Cornice, rose and picture rail. Fireplace.
Kitchen: One and a half quartite bowl with mixer tap, fitted floor and wall cupboards and drawers with mosaic tiled work surfaces, gas cooker with two ovens and extractor hood.
Cloakroom: Wash hand basin. W.C.
Garden:Paved path with flower borders and established trees and shrubs.
First floor:
Bedroom 1: To front. Fireplace. Cornice and dado rail.
Bedroom 2: To rear. Fireplace.Cornice and picture rail.Shelves.
Laundry room: Sink.Plumbed for washing machine. Shelves.
Second floor:
Bedroom 3: To front. Cornice.
Bedroom 4: To rear. Cornice. Shelves.
Bathroom: Panelled bath with mixer tap and shower attachment, inset wash hand basin with mosaic tiled surround and drawers above and underneath.
Separate WC
Third floor:
Bedroom 5; To front. Wash hand basin.
Bedroom 6: To rear. Fitted cupboards.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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