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£725,000
Bedrooms
Bathrooms
A spacious terraced house situated on Cranston Road, offered to the market with no onward chain, presents an exciting opportunity for buyers seeking a well-appointed home with excellent development potential (subject to planning).
Beautifully presented, the ground floor has been cleverly reconfigured for a seamless flow. The open-plan layout maximizes space and natural light, with a bright entrance hall leading to a generous lounge and dining area. A contemporary working fireplace adds warmth, while the high-quality John Lewis of Hungerford kitchen offers an ideal setting for everyday living and entertaining. Bifold doors connect the dining area to the expansive rear garden, effortlessly extending the living space outdoors. This seamless transition creates the perfect setting for entertaining, whether hosting summer barbecues, al fresco dining, or relaxed gatherings. The spacious garden beyond enhances the sense of openness, offering a private retreat for social occasions or quiet enjoyment. With potential for future expansion, this indoor-outdoor flow elevates both lifestyle and functionality.
Upstairs, the first floor features two spacious double bedrooms, a stylish four-piece family bathroom, and a versatile third single bedroom, perfect as a nursery, study, or dressing room.
Ideally located for quick transport links, the house sits within a mile of Forest Hill and Catford Twin Stations, offering fast connections via London Overground, National Rail, and frequent bus services into Central London. The area is renowned for its strong sense of community, excellent local schools and nurseries, and an array of amenities, including shops, supermarkets, and popular cafs and restaurants. Nearby Mayow Park and the scenic Waterlink Way offer fantastic outdoor spaces for walking and cycling. A fantastic opportunity to secure a home with space, style, and future potential.
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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