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£1,250,000
Bedrooms
We are delighted to bring to the market this most attractive period house on Milton Road, one of the most sought after roads within the Poets Corner area of Herne Hill, SE24.
The accommodation comprises a double reception room with bay window to front, feature open chimney breast, stripped floorboards and window to side return. There is a ground floor wc and fully tanked cellar providing valuable storage. The 245 ft x 90 ft kitchen/dining room has a good range of base units with quartz worktops, inset Franke stainless steel sink, plumbing for washing machine, ample space for a large table & chairs, two windows to side and bi-fold doors open onto the rear garden.
The principal bedroom has a striking vaulted ceiling with two Velux windows, two windows to front, feature fireplace, and stripped floorboards. There are a further two bedrooms and a family bathroom.
The front garden has been beautifully landscaped, and the rear garden has a paved area leading to the main lawn with a selection of mature shrubs, feature garden pond, there is a further paved area at the end of the garden for evening sun.
Milton Road is well located for the amenities in central Herne Hill which include a selection of popular restaurants & shops, railway station (Victoria, Thameslink, Blackfriars) and access to the vast expanse of Brockwell Park with its cafe & lido.
Early viewings are highly recommended.
EPC: C | Council Tax Band: E
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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