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£620,000
Bedrooms
Bathrooms
Ideal for Sydenham station and high street. The house has been restored using quality materials and a high standard of workmanship. There are bi-folding doors to the garden which are an amazing focal point, when they are open the garden becomes an extension of the lounge, when they are closed it is really cosy but with lots of light and a beautiful view over the garden. All of our friends and family comment on them when they visit and it is great for entertaining. The location here is wonderful, we have the best of both worlds. The high street and station are a stones throw away yet we are in a secluded, quiet area. It is ideal for commuting to central London and also having a coffee or meal in the high street.
Key Terms
Truly beautiful modern family home with garage, bi-folding doors and wonderful garden, modernised to a superior standard using quality materials. Set in a highly sought after cul-de-sac location moments away from Sydenham high street and Sydenham station Garage en-bloc
Beautiful garden with decking and high quality artificial lawn
Double glazing where stated
Central heating
Engineered Oak flooring
LED spotlights
Ample storage
Modernised to a superior standard
Stunning family home
Highly sought after cul-de-sac location
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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