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£1,500,000 Offers over
Bedrooms
Bathrooms
Boasting 2748 square feet of living alongside two roof terraces, this duplex, three bedroom, two bathroom apartment is not to be missed. Washed with natural light throughout, the property has been recently renovated and is offered to the sales market chain free in turn-key condition. Included in the sale is an allocated, secure parking space with electric charging included.
You are immediately struck by the vast space which greets you upon entry with the reception room being open-plan to the kitchen and allowing access to the mezzanine level which hosts two double bedrooms each leading to their own terraces.
On the first floor itself, the fully fitted modern kitchen lies alongside the first WC and to the other side of the reception room there is a further double bedroom with an en-suite and dressing room.
Searles Road is a short walk from major transport links including Elephant & Castle station and bus routes to the city. Furthermore, many amenities are within walking distance including shops, bars, restaurants and schools.
Share of freehold with 974 years lease remaining.
Year 2024/25 Service + Reserve Account charges total 9332. (2333 / Quarter)
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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