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£775,000 Guide Price
Bedrooms
Bathrooms
'GUIDE PRICE 775,000-800,000' A stunning 3 double bedroom terraced house on Polsted Road, bordering Honor Oak Park, Catford & Forest Hill. This immaculate period property offering spacious living space, with scope to expand further (Subject to planning) making it an ideal home for a growing family. The accommodation compromises of a generous reception room, with a beautiful fireplace, a truly stunning open-plan kitchen and dining room with laminate flooring throughout. Alcove shelving space and a carpeted staircase that leads up to the first floor of the property.
The first floor is occupied by three double bedrooms and a modern fitted family bathroom. The master bedroom benefits from a beautiful feature fireplace and carpeted flooring, the two further bedrooms have ample storage space. The property also has a huge loft space. Outside there is a large, pretty garden which includes a cedar garden studio - perfect for people working from home! A great location with it being situated only 0.3 miles from Catford and Catford Bridge Station and 0.4 miles from Honor Oak Park. This property is located on a highly desirable street in the catchment for Outstanding primary schools Stillness and Rathfern. The beautiful Blythe Hill Fields and Ladywell Fields are a stones throw away. There is also the benefit of there being no parking restrictions on the street. Viewing is highly recommended.
Tenure: Freehold | Council Tax Band: Lewisham Band D
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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