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318 Pickhurst Lane, West Wickham
£1,000,000
Bedrooms
Bathrooms
Full of character and potential, this handsome four-bedroom detached home is ideally located for excellent local schools including LANGLEY PARK and PICKHURST INFANTS AND JUNIORS. Requiring a programme of renovation and modernisation, the generous layout includes two reception rooms, a kitchen/ diner with wooden fronted units, Neff stainless steel oven and grill and plumbing and space for a dishwasher and fridge/freezer. There is a utility room with space for a washing machine and tumble dryer, and a separate shower room with sink and low level wc, all must haves for the growing family. Upstairs, youll find four double bedrooms, a family bathroom, and a separate WC. The mature 135 x 34 garden is a standout feature, with a paved terrace, level lawn, and garden office/store. A garage and off-street parking for two cars complete the picture, with scope for further enhancement, subject to the usual consents.
Hayes Chase is off Pickhurst Lane. Local schools include the popular Pickhurst Infant and Juniors and Langley Park Secondary. Shops at junction of Pickhurst Lane and Westmoreland Road. Bus services pass along Westmoreland Road to Bromley High Street with The Glades Shopping Centre and Bromley South Station about 1.3 miles away.
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.
318 Pickhurst Lane, West Wickham
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