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£400,000
Bedrooms
Bathrooms
Welcome to Kings Grove, a charming residential street nestled on the north side of Queens Road, lined with picturesque terraces of classic Victorian homes.
Perched at the top of one such elegant house is our clients lovely abode. A quick ascent up the communal stairs brings you to the front door, then were in to the hallway.
First up, the showstopper: a generously sized, sun-drenched lounge spanning the full width of the house. Twin east-facing windows ensure your mornings start with a golden glow (and maybe even a bit of motivation for that early coffee run).
Next, the double bedrooma peaceful retreat with plenty of space and a calming view over the rear gardens.
The kitchen is galley-style, equipped with an arcade of wall and base units (sadly, no pinball machines included) and room for a freestanding cooker.
Rounding things off, the bathroom is a crisp, all-white sanctuary featuring a three-piece suite and full tilingbecause nothing says 'relax' like a bubble bath in a gleaming, spotless space.
So, whats the buzz?
Transport is a breeze, with Queens Road station just around the corner and Peckham Rye a leisurely 15-minute stroll away. Plenty of buses, too, so youre well connected whether youre commuting or off on an adventure.
Foodies and social butterflies, rejoice! This bit of SE15 has undergone a glow-up, and youre spoiled for choice. Blackbird Bakery, Peckham Cellars, Beer Rebellion, Mamma Dough, and Well & Fed are all within a short walk, while already glowing Peckham Central and Bellenden offer an even bigger selection of buzzing bars and top-notch eateries, including The Bussey, Levels, Ganapati, Artusi, and Begging Bowl.
Need a dose of greenery? A sweet, gated community garden sits right on your street, with Brimmington Park just at the end. For larger stretches of nature, Peckham Rye and Burgess Park are perfect for joggers and Sunday strollers, while the vast open spaces of Greenwich and Blackheath are a short bus or cycle ride away.
The Details:
Share of Freehold
No Ground Rent/Service Charge
Buildings Insurance Cost TBC
Council Tax Band B (1,395, LB Southwark)
All in all, a cracking home in a fantastic spot. Ready to take a look?
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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