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£700,000
Bedrooms
Bathrooms
Offered with no onward chain, this three-bedroom mid-terrace Victorian house provides an exceptional opportunity for buyers seeking a blank canvas to create their dream home.
The property boasts off-street parking for one car and a spacious west-facing garden, ideal for outdoor activities or future landscaping. With over 1,300 sq. ft. of living space and the potential for extension (STPP), the house offers ample scope for transformation. The ground floor features a welcoming entrance hall, a bright double reception room, and a generously sized kitchen. Upstairs, the current layout includes two large double bedrooms, a family bathroom, a separate WC, and an additional bedroom to the rear.
Situated within a mile of Forest Hill and Catford Twin Stations, the property benefits from excellent transport links via the London Overground, National Rail, and local bus services into Central London. The vibrant local area offers a range of independent shops, supermarkets, and exciting dining options, all within walking distance. Popular with families, Cranston Road is well-served by highly regarded nurseries and schools, including the nearby Kilmorie Primary School.
With immense potential and a prime location, this property is an outstanding opportunity in a vibrant, well-connected community.
Tenure: Freehold | Council Tax: 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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