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£650,000 Guide Price
Bedrooms
Bathrooms
Three bedroom modern house in a sought after road in the catchment for Stillness and Prendergast schools, the property is dated but in good condition, sold with NO ONWARD CHAIN.
LOCATION
Brockley/Crofton Park has gained the reputation of being at the centre of the South London art scene and has a quirky relaxed vibe to it. Located within a short 10 - 15 minute commute by train to Central London and with the Overground line giving access to Docklands, Highbury and Islington, it makes Brockley/Crofton Park a popular area with city workers. Families are also attracted to the area by the reputable schools and the trendy cafes, bars and restaurants it has to offer.
ADDITIONAL INFORMATION
Postcode: SE4 1AJ
Local Authority: London Borough of Lewisham
Council Tax: Band D (2,135.13 pa)
EPC Rating: TBC
UTILITIES
Mains electricity
Mains water
Mains gas
Drainage to public sewer
FLOOD RISK
For information please visit: check-long-term-flood-risk.service.gov.uk/postcode
BROADBAND & MOBILE COVERAGE
For broadband and mobile phone coverage at the property please visit:
Broadband: checker.ofcom.org.uk/en-gb/broadband-coverage
Mobile: checker.ofcom.org.uk/en-gb/mobile-coverage
No PARKING arrangements, On Street No restrictions.
NEAREST TRAIN STATIONS
Crofton Park Rail Station 0.49 km
Honor Oak Park Rail Station 0.84 km
Catford Rail Station 0.90 km
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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