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£674,995 Guide Price
Bedrooms
Bathrooms
Nunhead Green is one of LB Southwarks Conservation Areas, and lies right in the heart of Nunhead Village, brimming with independent and long established traditional shops.
Youre also pretty much equidistant between Nunhead and Queens Rd stations (both Zone 2), covering London Bridge, Victoria, Farringdon Kings Cross and more.
This three bedroom conversion flat overlooks Nunhead Green itself, and sits on the 2nd floor of a period terraced 4 storey building.
Occupying 1051 Square feet (97.64 Sqm), the lounge and two good double bedrooms lie to the right of the entrance hall, and overlook the Green. The kitchen, bathroom, utility room with a W.C. and third bedroom overlook the shared rear garden.
The lease has 105 years unexpired.
Nunhead village has very much the family feel, with the Green having a play area and a local community centre across the street. Ayres Bakery, Sopers Fishmongers are two of the long established stalwarts, with the big CO-OP the new kid on the block. In between there are some great eat and drinkeries such as El Vermut, Kudu Grill, The Old Nuns Head, Goodcup, and lots of high street essentials.
There are some good school options around, such as Rye Oak, Hollydale, Ivydale and Edmund Waller Primaries, and STAC (Boys), Newlands Academy and Haberdashers Askes Secondaries all easily reachable.
Theres an abundance of Green space around too, with Peckham Rye park super close, Nunhead Cemetery (organised walks) and Telegraph Hills two parks not far at all.
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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