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£700,000 Offers in excess of
Bedrooms
Bathrooms
'Offers In Excess Of 700,000' A rare opportunity to purchase this two double bedroom period conversion flat situated on the first floor of a double-fronted house on Stradella Road, one of the most prestigious residential roads within the heart of Herne Hill, SE24.
The property is immaculately presented throughout, has very high ceilings, large windows throughout afford plenty of natural light and retains cornicing to the ceilings. The property further benefits from being Chain Free and having an equal Share of the Freehold.
The spacious reception room has two large windows to the front, feature marble fireplace, and bespoke cupboards & shelving to both of the alcoves. The kitchen has a stylish range of wall & base units, ample worktop space, integrated appliances include oven & hob, fridge, freezer, washing machine and space for a table & chairs.
The principal bedroom has windows overlooking neighbouring gardens, there is a built-in triple doored wardrobe with desk & shelving above to one wall, built -in double wardrobes to both alcoves (one with drawers), and the second double bedroom has windows overlooking the front, and built-in double wardrobes to both alcoves.
Stradella Road is a sought after location, moments from the popular selection of restaurant & shopping amenities that central Herne Hill offers, railway station (Victoria, Thameslink, Blackfriars) and the vast expanse of Brockwell Park with its cafe & lido.
EPC: D | Council Tax Band: C | Lease: 108 years remaining | SC: Nil | GR: Nil | BI: 339 pa
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,027.27
Total Interest: £389,816.50
Overall Total: £1,089,816.50
Amortization For Monthly Payment: £3,027.27 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £22,193.91 | £14,133.31 | £685,866.69 |
| 2026 | £21,734.95 | £14,592.27 | £671,274.42 |
| 2027 | £21,261.09 | £15,066.13 | £656,208.29 |
| 2028 | £20,771.84 | £15,555.38 | £640,652.91 |
| 2029 | £20,266.70 | £16,060.52 | £624,592.39 |
| 2030 | £19,745.16 | £16,582.06 | £608,010.33 |
| 2031 | £19,206.68 | £17,120.54 | £590,889.80 |
| 2032 | £18,650.71 | £17,676.50 | £573,213.29 |
| 2033 | £18,076.70 | £18,250.52 | £554,962.77 |
| 2034 | £17,484.04 | £18,843.18 | £536,119.59 |
| 2035 | £16,872.13 | £19,455.08 | £516,664.51 |
| 2036 | £16,240.36 | £20,086.86 | £496,577.65 |
| 2037 | £15,588.07 | £20,739.15 | £475,838.50 |
| 2038 | £14,914.59 | £21,412.62 | £454,425.87 |
| 2039 | £14,219.25 | £22,107.97 | £432,317.90 |
| 2040 | £13,501.32 | £22,825.89 | £409,492.01 |
| 2041 | £12,760.09 | £23,567.13 | £385,924.88 |
| 2042 | £11,994.78 | £24,332.44 | £361,592.45 |
| 2043 | £11,204.62 | £25,122.60 | £336,469.85 |
| 2044 | £10,388.80 | £25,938.42 | £310,531.43 |
| 2045 | £9,546.49 | £26,780.73 | £283,750.70 |
| 2046 | £8,676.82 | £27,650.39 | £256,100.31 |
| 2047 | £7,778.92 | £28,548.30 | £227,552.01 |
| 2048 | £6,851.85 | £29,475.36 | £198,076.65 |
| 2049 | £5,894.68 | £30,432.53 | £167,644.12 |
| 2050 | £4,906.43 | £31,420.78 | £136,223.33 |
| 2051 | £3,886.09 | £32,441.13 | £103,782.20 |
| 2052 | £2,832.61 | £33,494.61 | £70,287.60 |
| 2053 | £1,744.92 | £34,582.29 | £35,705.30 |
| 2054 | £621.91 | £35,705.30 | £0.00 |
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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Mon Apr 28 2025
All confirmed! We look forward to speaking with you.
Mon Apr 28 2025
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