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£1,450,000 From
Marlowe Estates are offering this great investment opportunity to acquire four units in one. 1 x Commercial Unit, 2 x 1 beds apartments and 1 x 2 bed apartment.
All apartments are fitted with grey parquet flooring providing stylish comfort. The open-plan kitchen living rooms are complimented by large uPVC sash windows allowing ample natural light to flow into the room while maintaining its period appearance. The kitchens are designed in Tatton Midnight by Magnet, with soft-closing doors and quartz Carrara worktops. All appliances are integrated and consist of a range of high-quality Zanussi and Beko products which include a single oven, ceramic hob, fridge-freezer, and dishwasher.
The bathroom suites are finished in designer floor and wall tiles and fitted with beautiful brushed gold taps and handles. Further benefitting from blissful ambient lighting, a bespoke two-drawer unit and a basin with an elegant mirror above, and a heated towel rail is also included.
This development is located almost in the heart of Streatham Common, convenient to all amenities including Streatham and Streatham common Railway Stations with direct connections to central London.
FREEHOLD
EPC - TBC
Council Tax - TBC as properties are to be registered.
Map location is not available for this property.
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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