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£1,300,000 Guide Price
Bedrooms
Bathrooms
Guide Price: 1,300,000
We are delighted to bring to the market this 5 bedroom, 2 bathroom four storey terraced house on Lowden Road, a sought after tree-lined residential road in Herne Hill.
The property is fully double glazed throughout, comprises some original features and is neutrally decorated. The spacious accommodation comprises a double reception room with dividing double doors, bay window to front, window overlooking the rear garden and feature marble fireplace. Also on this level is a study/bedroom with two windows to side and access to the garden.
On the lower ground floor is a 136 x 102 kitchen and 156 x 116 dining area with ample space for a large dining table & chairs. The kitchen also has a modern range of wall & base units incorporating an oven & hob and dishwasher. There is a ground floor shower room, and utility area with built-in triple door storage cupboards and access to the garden. On the first floor is the principal bedroom with two windows to front affording plenty of natural light and a full wall of built-in wardrobes, a second double bedroom and family bathroom, and over the top half landings are a further two double bedrooms and second bathroom. The rear garden is fully paved with shrub borders.
Lowden Road is a very popular location, the amenities of Ruskin Park can be found via an entrance on Herne Hill Road, and both Denmark Hill & Loughborough Junction railway stations can be accessed. Central Herne Hill offers a popular range of restaurant & shopping amenities, railway station (Victoria, Thameslink, Blackfriars) and the vast expanse of Brockwell Park with its lido & cafe.
Early viewings are highly recommended.
EPC: C | Council Tax Band: G
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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