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£1,300,000 Guide Price
Bedrooms
Bathrooms
'Guide Price 1,300,000 - 1,350,000' An exciting opportunity to purchase a detached, five bedroom family home on the desirable Thornlaw Road, SE27, with scope to add your own style.
Entry is via a double porch, which leads into a large hallway. The ground floor of this charming home boasts a bright and airy double reception that leads out to the garden, complete with large garden studio, perfect for home working or leisure. To the rear right of the double reception rooms is the kitchen, with the opportunity to relocate and put your own stamp on. Additionally, the ground floor benefits from a downstairs WC and separate utility room.
On the first floor, are five well-proportioned bedrooms, including two of generous size and a fifth currently being used as a dressing room. As well as this, there is a modern and stylish family bathroom. Whilst already offering ample living space, subject to planning permissions and building regulations, the property benefits from a large loft ideal for abundant storage or conversion. Throughout this home, the property is generously proportioned with high ceilings.
Ideally located between the transport hubs of West Norwood and Tulse Hill stations with easy access into the City and Central London via London Bridge, London Victoria and City Thameslink. The nearby area offers excellent state and private schools. There are bus connections into Brixton, Herne Hill and Dulwich Village, as well as West Norwoods local amenities including the Picturehouse Cinema and leisure centre with swimming pool.
The location is ideal for Norwood High Street offering an array of shops, restaurants and bars, as well as the recent additions of a new cinema, library and leisure centre.
Early viewing recommended.
EPC: E | 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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