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318 Pickhurst Lane, West Wickham
£1,135,000
Bedrooms
Bathrooms
A substantial Edwardian semi detached family home built around 1903, naturally built over three floors with an abundance of original features throughout. Impressive welcoming entrance hall with stripped wooden flooring, two delightful reception rooms, kitchen breakfast room with timber double glazed casement doors to the rear garden, and separate cloakroom to the ground floor. Five bedrooms with all rooms having fire places, white suite family bathroom on the first floor and newly installed shower room to the top floor. Outside the beautiful rear garden is around 110 ft with a selection of mature trees, shrubs and large lawn. To the front of the property is a gravel driveway providing parking for three to four cars with double gates to the side. The property is set within a popular location with great transport links, local schools and outside recreational spaces within walking distance. Double glazed and gas fired central heating.
Hayes Road runs between Westmoreland Road and Hayes Lane Bromley. Local schools include the sought after Harris Primary Academy and St Marks Primary School and Ravensbourne secondary school. Bromley High street with a range of amenities including The Glades Shopping Centre and Bromley South Station are around 0.7 of a mile away, with fast (about 18 minutes) and frequent services to London Victoria. Bus services pass along Westmoreland Road with the new Superloop and several services run along Hayes Road. Norman Park and Nuffield Heath are a short walk away.
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.
318 Pickhurst Lane, West Wickham
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