5 bedroom detached for sale

£1,375,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

A rare opportunity to purchase this attractive five bedroom, two bathroom family home on Croxted Road SE24. The property retains a host of original features to include cornicing, ceiling roses, picture rails and tessellated tiled floor to the entrance hall.

The property is well presented throughout and was extended to the rear approximately 15 years ago. There is a double reception room retaining the original bi-fold dividing doors, with bay window to front affording plenty of natural light, feature fireplace to the rear section, and wood flooring throughout.

There is a good-sized cellar for storage, and a downstairs wc/utility room. The spacious kitchen/dining room has a vast range of wall & base units, integrated Neff double oven and a four ring gas hob is inset to the island. There is ample space for a large dining table & chairs, and full height & width sliding doors give access to the rear garden.

The principal bedroom is on the first floor with three casement windows overlooking the front, feature cast iron fireplace and painted floorboards. There are a further three double bedrooms, bathroom & wc. on this level and on the top floor a spacious shower room (with access to attic storage) and double bedroom with eaves storage.

To the front of the property is off-street parking for one vehicle, and there are an array of mature shrubs & trees. The rear garden has a patio area directly outside the kitchen, three steps lead up to the main section of garden where you can dine, barbecue and entertain family & friends. A large selection of mature flowers, shrubs & trees are springing to life and will adorn the garden with glorious colour.

Central Herne Hill offers a popular selection of restaurants & shopping amenities, railway station (Victoria, Blackfriars, Thameslink) and access to the vast expanse of Brockwell Park with its cafe & lido.

Early viewings are highly recommended.

EPC: D | Council Tax Band: F

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1147075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 34375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 115825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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