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87 Rushey Green, Catford London
£550,000 Guide Price
Bedrooms
Bathrooms
'''Guide Price: 550,000 - 575,000'''
A great opportunity to acquire this delightful semi-detached house situated at Watermead Road. The property boasts a bright and spacious feel throughout and comprises three bedrooms, generous through lounge reception, kitchen, four piece bathroom suite and separate w.c. Additional benefits include private garden with side and rear access, front drive and garage to rear, and no onward chain.
Key Terms
LOCATION
Catford is growing in popularity among commuters as journeys from its two mainline stations can take as little as 10 minutes to Central London.
The Broadway Theatre is an impressive Art Deco building, with a regular programme of shows and events. Catfords other premium attraction is Mountsfield Park one of Londons best open spaces and home of the annual Peoples Day. Catfords Black Cat sculpture remains a well-loved landmark.
OTHER INFORMATION
Local Authority: London Borough of Lewisham
Council Tax: Band D (2,038 pa)
EPC Rating: D
Electric Supply: Yes
Water Supply: Yes
Heating Supply: Yes, Gas central heating
Sewerage: Drainage to public sewer
Flood Risk: Very low risk of surface water flooding and very low risk of flooding from rivers and the sea
Available Broadbands: Standard, Superfast and Ultrafast
Networks: Openreach, nexfibre, Community Fibre. You may be able to obtain broadband service from these Fixed Wireless Access providers covering your area (EE, Three)
Likely Mobile Signal: EE, Three
Parking: Off-Street Parking
Nearest Train Stations: Bellingham Rail Station, Beckenham Hill Rail Station, Lower Sydenham Rail Station
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.
87 Rushey Green, Catford London
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