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£499,950
Bedrooms
Bathrooms
Dashing two double bedroom second floor modern-build apartment of 732 square feet, and with a south-west facing balcony and double-glazing, close to Brunswick Park (walk two minutes) and central Camberwell (five minutes).
Your closest station is Denmark Hill - walk here in 15 minutes. From Camberwell Church Street you have loads of great bus routes. To pick up the tube, it is a short bus journey to Oval/Elephant.
Communal areas and grounds are smart and well-kept. In your own front door and on your left you have your second bedroom. This is 9 feet by over 9 feet.
Your principal bedroom is next door - a generous one, at over 15 feet by over 10 feet, with a built-in (mirrored) wardrobe.
Next along you have the propertys contemporary bathroom (smart white sanitary ware and concealed plumbing here), and a utility cupboard accessed from the hall (nice to keep the whirr of the washing machine out of the kitchen/reception).
At the end of the hall you have your large open-plan kitchen/dining/reception room, this runs over 20 feet - to a cute, quiet and sunny SW-facing balcony. The fitted kitchen is a timeless high-gloss modern one, with integrated appliances (these are included in the sale).
St. Giles Church and Churchyard are lovely local landmarks, and you are also close to South London Gallery, plus Camberwells iconic art college buildings. Its such a nice part of town! TOAD bakery and South London Gallery are really close by.
Beyond Brunswick Park (check out the cute cafe here) and Lucas Gardens (at the top of Benhill), youve got Ruskin and Burgess Parks, and Lettsom and Warwick Gardens, too. Peckham Rye Park and Common and Brockwell Park and Lido arent far either.
Butterfly Tennis Club and Zen Yoga studio are also nearby, on Camberwell Grove, as well as the Victorian leisure centre with big pool, gym and classes.
Restaurants, cafes, pubs and bars are strong and varied round this way. We particularly rate The Camberwell Arms, Veraison Wines, Gladwells (luxury groceries), The Kerfield, Little Cellars, Grove House Tavern, Hermits Cave, Nandine and Theos.
Walk to Peckhams Bellenden Road and Rye Lane for other excellent offerings (in about 20 minutes) - including Artusi, Ganapati, The Sourcing Table, Peckham Levels and The Bussey Building, plus handy high street shops, pop-ups and markets.
For more options, Peckham, Herne Hill, Dulwich Village, East Dulwich, Brixton and New Cross are all easily reached.
Tenure: Leasehold (approx. 240 years remaining)
Service charge: 2,400 per annum
Ground rent: 400 per annum
Council tax band: D
Borough: Southwark
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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