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362 Clapham Road, London
£595,000
Bedrooms
Bathrooms
A superb brand new two bedroom split-level first and second floor flat converted in a Victorian terraced house located mid-way between Herne Hill and Brixton.
The flat has an open-plan living room/kitchen, two double bedrooms , a bathroom and an en-suite shower room and a 994 year lease.Located within easy reach of both Herne Hill with its` Overground station, local shops, bars, restaurants and Brockwell Park and Brixton Underground and Overground stations and High Street.
First floor:
Living area: To front. Downlighters.
Kitchen area: Stainless steel sink with mixer tap, range of fitted wall and floor cupboards and drawers with granite work surfaces and splashbacks, Bosch gas hob, electric oven and microwave, Lamona extractor hood, Beko washing machine, LG fridge/freezer, Vaillant gas boiler and downlighters.
Bedroom 2: To rear. Spotlights.
Second floor:
Bedroom 1; To front.Spotlights.
En-suite shower room: Large tiled shower cubicle, inset wash hand basin with mixer tap and double door cupboard underneath, W.C., heated towel rail, extractor fan, wall mirror, small glass shelf with rack below and tiled walls.
Please note that some of the images are CGI`s for marketing purposes only.
Bathroom: Panelled bath with mixer tap, inset wash hand basin with double door cupboard underneath, W.C., heated towel rail, Manrose extractor fan and tiled walls.
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.
362 Clapham Road, London
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