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£1,450,000 Guide Price
Bedrooms
Bathrooms
We are delighted to bring to the market this spacious four double bedroom semi-detached property for sale on Croxted Road SE24.
The double reception room has large windows overlooking the front garden, there are two working fireplaces, painted floorboards and original bi-fold dividing doors. A basement cellar offers good storage. The good-sized kitchen/dining room has an extensive range of wall & base units, inset double oven and five ring gas burner, space for dishwasher & washing machine, there is a feature cast iron wood burner inset to the chimney breast, three glazed windows, and door to the rear garden.
The spacious principal bedroom has painted floorboards, two large windows to the front affording lots of natural light, and a feature fireplace with built-in mirror & mantle. There are a further three double bedrooms, bathroom and shower room. There is access from the bathroom to a large loft area (which could be converted, subject to the usual planning permissions & consents).
The 1026 x 249 ft rear garden has a paved area immediately outside the kitchen and to the side return, then the garden is mainly laid to lawn with mature trees & shrubs, there is a paved & decked seating area to the rear of the garden, together with a shed and pond.
There is off-street parking to the front garden for two tandem vehicles.
Herne Hill centre offers a popular range of restaurant & shopping amenities, railway station (Victoria, Thameslink, Blackfriars) and access to the vast expanse of Brockwell Park with its cafe & lido.
EPC: D | Council Tax Band: F
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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