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£395,000 Guide Price
Bedrooms
Bathrooms
Offered to the market with no onward chain, this spacious two-bedroom ground-floor flat combines potential with charm. Featuring its own private garden and off-street parking, its an excellent opportunity for buyers looking to personalise a property in a vibrant location.
The flat is set within a charming period conversion and offers a light-filled lounge with a large bay window, creating a welcoming and airy space. The separate kitchen leads directly to a south-facing private garden, ideal for outdoor dining, gardening, or simply enjoying sunny days. Additionally, the property includes two well-sized bedrooms and a bathroom.
Ideally situated for Hither Green Station, providing excellent transport links to Central London and beyond. The local area is well-served with amenities, including a GP practice, pharmacy, shops, and the 24-hour Anytime Fitness Gym nearby. For those who enjoy outdoor pursuits, Mountsfield Park is a nearby gem, offering expansive green spaces, playgrounds, and tranquil areas for relaxation.
Tenure: Share of Freehold (980 years remaining) | Service Charge: 150pcm | Council Tax: Lewisham band B
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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