3 bedroom terraced for sale

£950,000

3

Bedrooms

2

Bathrooms

Floorplan

An extended 1482sqft Victorian house, beautifully refurbished by the current architect owners and located only 400 meters from Surrey Quays station. It offers a two or three bedroom configuration, 55ft south-west facing rear garden, impressive kitchen, dedicated office, retains many period features and has planning permission for a mansard roof extension. Chain free.

Every aspect has been carefully considered to design a home fit for the 21st Century whilst being sympathetic to its historical past, and the result is a truly amazing space boasting many stand-out features; The sliding dividing wall between the two receptions on the entrance level, enabling the easy creation of a third bedroom; The high-specification kitchen with its large central island, Andy Warhol pop-art inspired mosaic tiles, underfloor heating and bi-fold patio doors; The concealed and secure bike store to the front of the house; The two large fully-tiled bathrooms and the floor-to-ceiling glass wall at top of the stairs leading to the kitchen, allowing natural light to flood in.

On the top floor is the two main bedrooms and a bathroom. The entrance level has the two receptions (one of which could be a third bedroom). While the lowest floor is the focal point and contains the kitchen, dining area, office with stable door to front , as well as the utility room. At the rear of the garden is a useful outbuilding comprising a shed and summerhouse. There is also a surprising deep front garden with grey slate stones and period correct wrought iron railings, completing the attractive appearance on the street side. High-speed fibre broadband is also available.

Planning permission was granted in August 2023 for a mansard roof extension which would create a fourth level containing the primary bedroom with an ensuite shower room. The plans also include the addition of a roof terrace on an existing flat roof section on the second floor.

For transport you are spoilt for choice, with Surrey Quays station being the closest and reachable in around five minutes, Canada Water for Jubilee line services is only slightly further, while there are plenty of bus routes passing nearby too.

There is lots to explore in the immediate surroundings, with Greenland dock and the marina being perfect running routes. There is also an excellent and good value gym close by, along with an array of shops, supermarkets, well regarded restaurants and other useful amenities.

The property will benefit from significant investment in the area, including the underway 53-acre / 5.6Bn project, the Canada Water Masterplan, with Londons first new high street in over 100 years.

Freehold. Southwark Council Tax Band: D.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 775200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 23750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 62700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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