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£1,400,000
Bedrooms
Bathrooms
A rare opportunity to purchase a double-fronted detached house, which has been lovingly owned by the same family for nearly 50 years, with off-street parking and a garage on Denmark Hill SE5.
Original stained glass double porch doors give access into the welcoming hallway, there is a spacious double reception room with windows to front and sliding glazed doors to the rear garden, and a feature fireplace with gas flame insert. There is a downstairs wc, and a coats cupboard. The good-sized kitchen/dining room has a range of wall & base units, inset double oven & Neff 5 ring gas hob, ample space to dine, access to the side return which incorporates a utility area housing the boiler and access into the garage. A further door leads to the rear garden.
The principal bedroom has views over the rear garden, a built-in range of wardrobes, drawers & dressing table. There are a further three bedrooms, family bathroom & separate shower room.
The garage is currently used as a utility/storage area and is accessed via double doors and a separate side door, has a range of wall cupboards providing storage. The front garden has a lawned area with mature shrubs, there is off-street parking for multi vehicles. The 48ft West facing rear garden has a terraced area then mainly laid to lawn, has a small garden shed/storage room, and gives access to the front of the house via a secure side gate.
The property further benefits from being situated within easy access to the delights of Ruskin Park, close to local bus routes and to Denmark Hill railway station (Windrush Line, Southeastern & Thameslink services). 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 lido & cafe.
Offered to the market with no onward chain - early viewings are highly recommended.
EPC: E | 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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