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£600,000
Bedrooms
Bathrooms
Spacious three bedroom split level period conversion flat located with a view over Hilly Fields, its own front door and a secluded private rear garden. NO ONWARD CHAIN.
Location
Ladywell exudes a charming village atmosphere, complete with its own bakery, greengrocer, pub, and post officeoffering a warm, community feel thats increasingly rare in the capital. Despite its tranquil vibe, the area is exceptionally well connected, with Ladywell Station providing direct trains to London Bridge in just nine minutes. It is also within easy walking distance of Lewisham High Street and shopping centre.
Surrounded by green spaces, including Hilly Fields and Ladywell Fieldsonly a short stroll awayits an ideal location for families and young professionals seeking a balance between city living and peaceful surroundings.
Leasehold Information
Time remaining on lease: Approx. 179 Years'
Service Charge: variable depending on any maintenance work required (215 paid on account for 2024/5)'
Ground Rent: Peppercorn '
('to be verified by Vendors Solicitor)
No parking arrangements.
On Street Resident permit holders only (T) Mon-Fri 9am - 7pm
Transport Connections
Ladywell Station(South Eastern to London Bridge and Charing Cross) 0.3 mile
Lewisham Station (South Eastern to London Bridge, Charing Cross and Cannon Street and DLR to Canary Wharf and Bank) 0.6 mile
Brockley Station (Overground) 0.8 mile
The 484 bus route between Lewisham Station and Denmark Hill / Camberwell Green
Utilities
Mains electricity
Mains water
Mains gas
Drainage to public sewer
Additional Information
Postcode: SE13 7JL
Local Authority: London Borough of Lewisham
Council Tax: Band C (1,898 pa)
EPC Rating: D
Flood Risk
For information please visit: check-long-term-flood-risk.service.gov.uk/postcode
Broadband & Mobile Coverage
For broadband and mobile phone cover-age at the property please visit:
Broadband: checker.ofcom.org.uk/en-gb/broadband-coverage
Mobile: checker.ofcom.org.uk/en-gb/mobile-coverage
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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