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£1,950,000 Guide Price
Bedrooms
Bathrooms
50 Pembroke Road is a superb proposition; currently configured to create in excess of 100,000 pa as a Licensed 5-bed HMO with 6 additional self-contained studio flats or, subject to consent, convert back into a substantial and gracious family home.
Situated along a sought-after and attractive row of similar semi-detached houses the rear of the property backs onto Buckingham Vale, from which there is access to an expanse of off-street parking, integrated garage and the possibility of creating a superb family garden.
To the front, the house is set back from the road behind a mature hedge and shallow wall, with a pillared pedestrian gate leading up, via steps, to the attractive front porch.
Once inside, the generous entrance hall provides access to three of the self-contained studio flats; each fitted with a kitchenette, studio room and shower room.
Stairs lead down to the lower ground floor, with three further self-contained studio flats; again finished with a kitchenette and shower room each.
In addition, there is a access to a single integrated garage opening up from the rear garden and directly into the house, complete with a useful storage cupboard.
Accessed via the original turned balustrade staircase, the first floor opens up to a two storey maisonette, comprising five lettable double bedrooms (licensed five bedroom HMO) served by three shower rooms, a stunning reception room leading out onto a south-west facing balcony and a generous kitchen / breakfast room.
Here there are numerous period features; not least the oversize sash windows in the first floor sitting room and marble fire surround, as well as retained ceiling plasterwork and shutters.
Outside:
50 Pembroke Road enjoys full front to back access, with a charming pedestrian gate to the front of the property and gated vehicular access from Buckingham Vale to the rear.
To the front, a path leads around to the side of the house, with a charming gravel terrace at the front; perfect for an evening sundowner and a large, fully walled garden to the rear; ripe for sensitive landscaping incorporating both garden design and off-street parking.
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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