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£775,000
Bedrooms
Bathrooms
A superb, split-level, two/three-bedroom flat arranged over the first and second floors of a handsome Victorian conversion on a popular residential street off Lavender Hill and close to Clapham Common. Filled with natural light throughout, the property also benefits from two bedrooms of almost equal size.
The spacious reception room is to the front of the first floor and boasts wooden floors, a feature fireplace flanked by bespoke cabinetry and shelving and a lovely bay window which floods the room with light. To the back is the kitchen which has an excellent range of wall and base units with integrated appliances. A well-appointed family bathroom completes the accommodation on this level.
Stairs lead up to the second floor and the two/three bedrooms. The two double rooms of almost equal size both have large sash windows and plenty of natural light, as well as excellent built-in wardrobes. A smaller room is currently an ideal study but could be used as a nursery. A shower room is also on this level.
This fantastic flat is on Rush Hill Road in a popular area known locally as The Northside. Transport can be found at Clapham Junction Overground or Clapham Common Tube on the Northern Line. The wide-open spaces of Clapham Common are nearby, and the amenities of Clapham Old Town, Lavender Hill and Northcote Road are all within easy walking distance.
Council Tax Band: E | EPC: D | Tenure: Share of Freehold| Length of Lease: 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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