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£395,000 Guide Price
Bedrooms
Bathrooms
This beautifully presented ground-floor flat, set within a charming period conversion, boasts light-filled interiors and a private south-facing garden.
At the heart of the home, the open-plan living area features a sleek, modern kitchen with generous space for both lounging and dining. French doors flood the space with natural light and open onto a beautifully maintained gardenperfect for entertaining or unwinding. An additional side plot with off-street access provides extra convenience for bike users and even potential for off-street parking (STPP).
To the front of the property, two well-proportioned bedrooms offer comfortable living, complemented by a stylish modern bathroom.
Ideally located within walking distance of Catford and Catford Bridge Stations, this home enjoys excellent transport links into Central London via National Rail and bus services.Forest Hill and Honor Oak Park Stations are also nearby for Overground connections. The local area is rich with independent shops, supermarkets, and vibrant cafs, restaurants, and pubs. Nature lovers will appreciate the nearby green spaces, including Blythe Hill Fields with its panoramic city views, as well as Ladywell Fields and the River Pool Linear Park, perfect for scenic walks and cycling.
A stylish home with fantastic outdoor space in a well-connected and thriving locationearly viewing is highly recommended.
Tenure: Leasehold (remaining term - 150 years) | Service Charge: Approx 1,000 per annum | 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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