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£565,000 Offers over
Bedrooms
Bathrooms
Bright two bedroom second floor Victorian conversion apartment, with a Freehold-share, in end of terrace position on a cool Camberwell back street of period homes.
The flat measures in at 701 square feet, with its front door at first floor level. There is also a large loft for storage.
Find your new home set between the town centres of Camberwell and Brixton, near two Fare Zone 2 stations (Loughborough Junction is six minutes by foot and Denmark Hill Station is 14) and great bus routes on nearby Coldharbour Lane.
A shared hall welcomes you, then you have your own front door on the first floor. Once in, take the stairs to your landing space (which all your rooms lead off).
To the front of the building is your large reception room - of over 16 feet by over 11 feet. There is plenty of space to zone seating and dining areas, and welcome features include sash windows (three!) and fitted alcove shelves.
Next door is an independent kitchen, of over 10 feet each way, with fitted units and wooden worktops.
Your (double-glazed windowed) bathroom is next. This has a neat white suite, white square tiling and T&G detailing.
Then you have a large single bedroom (of over 8 feet by over 6 feet), and finally, a double bedroom (of over 11 feet by over 10 feet), with two windows.
A well-connected location you are looking at: excellent bus routes can be found on nearby Coldharbour Lane, including the 345 (South Kensington/Peckham), the 35 (Clapham Junction/Shoreditch, and the 45 (Streatham/Blackfriars).
Loughborough Junction is a brief walk from your door (offering a mere 10 minute journey-time to Blackfriars and Farringdon) and Denmark Hill (both regular and Overground trains) is reached in 14. Or pick up the tube at Brixton for the Victoria line (an 18 minute walk).
Whirled Cinema is a gem, locally: a members-only cinema and bar in a railway arch on Hardess Street.
Central Camberwell and Brixton town centres are close for markets, restaurants, cafes and bars etc., including Brixton Village for pop-ups and regular eating establishments. A handful of local eateries we rate are Mamma Dough (posh pizza) and Nanban (Japanese/Brixton Market fusion) on Coldharbour Lane, and The Camberwell Arms, Little Cellars and Veraison Wines on Grove Lane - all on Camberwell Church Street.
Your nearest green space is lovely (Edwardian-era) Ruskin Park - with skyline views, bandstand and tennis courts. Also nearby is beautiful Myatts Fields Park: a 14 acre, Victorian-era one. It has a bandstand, tennis courts, cute cafe, and excellent bedding displays.
Tenure: Share of Freehold
Council tax band: C
Borough: Lambeth
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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