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£875,000
Bedrooms
Bathrooms
Set on a peaceful residential street just 0.6 miles from Forest Hill station, this charming 1920s-built home offers character, space, and the rare chance to own a piece of local history. Designed by renowned builder Ted Christmas, known for his quality Arts & Crafts homes, the property provides over 1,200 sqft of well-balanced living space and a lovely private garden - ideal for those seeking both comfort and convenience.
Inside, the wide entrance hall creates a welcoming first impression and sets the tone for the generous proportions throughout. The front reception room features a striking leaded light bay window and a traditional fireplace, while a separate dining room offers a bright, versatile space overlooking the garden. Beyond this, the cottage-style kitchen provides a charming backdrop for daily cooking, with scope to update or redesign if desired.
The rear garden is a real asset - an expansive green space with a patio area thats perfect for outdoor dining or relaxing. It also offers excellent potential for those looking to add a garden studio or carry out landscaping to create their ideal outdoor retreat.
The location is ideal for daily life, with well-rated schools, independent cafes, shops, and Forest Hill Pool all nearby. Several local parks are within walking distance, and excellent rail and bus connections make commuting into central London straightforward and stress-free.
With no onward chain, this is a great opportunity to secure a solid and characterful home in a rarely available spot - perfect for buyers ready to settle in and make their mark.
Tenure - Freehold
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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