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£350,000 Offers over
Bedrooms
Bathrooms
This stunning top floor two bedroom flat has just been refurbished to a high standard with every attention to detail, including all brand new appliances and modern countrystyle kitchen with breakfast bar. Further benefits including ample builtin storage.
The mainentranceof the property is clean, tidy and offers spacefor bikesand buggies, the flat has a large storage cupboard in its main hallway, with open-plan kitchen living to the left and both bedrooms and bathroom to the rear of the property.
The flat is perfectly situated, close to bars, restaurants and shops as well as the green open spaces of Peckham Rye Park. There are several transport link options including both East Dulwich and Peckham Rye stations with the East London tube connections direct into Central London and the City.
With regular bus services to surrounding areas and central London from Lordship Lane and train services from the two nearby zone 2 stations (East Dulwich and Peckham Rye) this great property will tick a lot of boxes.
INFORMATION AND SERVICES
Tenure: Leasehold
Years remaining: 125 years from January 2022
Ground Rent: Peppercorn
Service Charge: 450 per annum
Council Tax Band: C (1,280.78 approx per annum)
LOCAL AUTHORITIES: London Borough of Southwark -
Services: Mains water and gas, electricity.
Fixtures & Fittings: Curtains, fixtures and fittings not mentioned in these particulars are not included. Various items may be available by separate negotiation.
Viewing: By appointment via Truepennys.
Truepenny-s Property Consultants Ltd. for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord or Truepennys Property Consultants Ltd., (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the landlord does not make or give either Truepenny-s Property Consultants or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property.Truepennys Property Consultants for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord/Vendor or Truepennys Property Consultants, (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant/buyer must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the Landlord/Vendor does not make or give either Truepennys Property Consultants or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property. (6) any computer-generated images, virtually staged images, artists impressions and floorplans are used purely for illustrative purposes only. They are intended to show what furnishings or fixtures could look like at the property and does not necessarily represent the actual furnishings and fixtures which may be present at the time of inspection.
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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