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£1,000,000
Bedrooms
Bathrooms
A beautifully presented, end of terrace three double bedroom (upstairs bathroom and downstairs WC) freehold house with a good size West-facing garden in this very sought after area of Bermondsey, conveniently placed for all amenities and transport. The property has been extensively renovated to a high standard.
This lovely house comprises on the ground floor, a bright reception room with a wood sash window to the front, a fireplace and wood flooring. To the rear is a fantastic fully- fitted kitchen and dining room, with tiled floor and dark blue shaker style units and quartz work surfaces, skylights and glass doors with access to the patio and garden. There is a convenient downstairs WC located beneath the stairs. On the upper floor, are three good size double bedrooms, of which the primary bedroom is to the front with a fireplace and in the middle of the floor is the beautiful family bathroom.
Alma Grove is a quiet, treelined residential street in the middle of Thorburn Square conservation area, yet within easy walking distance of all that Bermondsey and London Bridge area have to offer. It is also within easy walking distance of Bermondsey Jubilee Line Station, The River Thames, Bermondsey Street, Shad Thames, Borough Market and many of Londons major landmarks.
This exceptional freehold house is being sold with no onward chain.
Map location is not available for this property.
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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