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11 Plaistow Lane, Bromley
£925,000
Bedrooms
Bathrooms
WITH A ONE BEDROOM ANNEX - Nestled within a cul de sac location, close to Elmstead wood station, is this three bedroom detached family home with rare one bedroom self contained annex adjoined to the property. The much loved property has been in the same family since being built and occupies a mature plot of 0.21 of an acre, at the end of this pleasant cul de sac. Offering ample opportunity to remodel and extend like many of the neighbours have already done, this wonderful property offers versatile living accommodation. Internally the property has a large open plan sitting/dining room, kitchen breakfast room, two cloakrooms, family bathroom and three bedrooms in the main house, adjoined to this is the one bedroom split level annex with its own private entrance, connecting door to the house, large lounge, fitted kitchen, double bedroom and bathroom. The property offers views over the larger than average rear garden, being secluded with an integral garage, log cabin, assortment of sheds and a second garage.
Elmlee Close is a cul de sac location within 0.3 of a mile to Elmstead Woods Station with connections intoLondon Cannon Street and Charing Cross. Local schools include Babbington House, Bullers Wood and Elmstead Wood Primary.
Map location is not available for this property.
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.
11 Plaistow Lane, Bromley
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