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£650,000
Bedrooms
Bathrooms
We are delighted to offer to the market this two double bedroom split-level garden flat for sale on Shakespeare Road, one of the sought after residential roads within the Poets Corner area of Herne Hill.
The property has been newly decorated throughout in neutral tones, has timber framed double glazed windows and further benefits from off-street parking for one vehicle to the front.
The accommodation comprises a front reception room with large square bay window and wooden flooring, there is an understairs cupboard for storage, the good-sized kitchen has a range of wall & base units, ample space for a table & chairs and double doors to the private garden. The principal bedroom is on the first floor with an en-suite bathroom, the second double bedroom on the ground floor has a built-in triple doored wardrobe, and there is a downstairs shower room.
The rear garden has a paved area directly outside the house and to the side return, and then the main garden is beyond.
Central Herne Hill offers a popular selection of restaurant & shopping amenities, railway station (Victoria, Thameslink & Blackfriars) and the vast expanse of Brockwell Park with its lido & cafe. Various bus routes traverse nearby roads.
EPC: D | Council Tax Band: C | Lease: 106 years remaining | SC: Nil | GR: 200 pa | BI: TBC
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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