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£725,000
Bedrooms
Bathrooms
Fabulous two double bedroom, two bath Victorian conversion flat of 931 square feet located within a seriously central Peckham Rye location, on one of Peckhams principal streets within Holly Grove Conservation Area, just a few minutes from Peckham Rye Station (regular and Windrush line services here), Warwick Gardens and Bellenden Road.
This is a modernised two storey home with impressively leafy vistas for its Zone 2 location, incorporating a master suite in the well-designed loft conversion (which delivers a dressing area and en suite bathroom, plus eaves and additional built-in storage).
In the shared entrance and your front door and own stairwell is up ahead. You first arrive at the generous eat-in kitchen of over 13 feet by over 9. The fitted units are plentiful and gloss white in finish, paired with solid wood counters. It is a particularly bright spot for coffee, breakfast or lunch, thanks to its south-easterly orientation.
From the main landing, you have the first double bedroom to your right, a large, bright room over 10 feet both ways.
Next door is the huge reception/dining room of over 15 feet by over 14, with two sash windows onto delightful views of Choumert Road. Recessed lighting features in here, as throughout.
Following the stairs up youll next find the main (and windowed) bathroom with contemporary sanitaryware and over bath shower. The stairwell is cleverly lit by skylight - a nice touch.
Up to the top of the property and you arrive in the master suite, self-contained in its own floor, complete with Juliet balcony and a beautiful contemporary bathroom finished to a high standard, with smart ceramic tiling plus built-in storage and eaves access, plus a roomy dressing area with built-in cupboards, shelves and another door to eaves access. Both these spaces are lit by skylight.
You are a three to four minute walk from Peckham Rye Station (accessed from Blenheim Grove), for both Windrush line and regular rail services. It is a 15 minute journey-time to London Victoria.
You are between two high street areas: Bellenden Road to the west and Rye Lane to the east. Bellenden Road is great for independent restaurants and shops. We love Review, Flock & Herd, Artusi, Life of Fish, The General Store, The Begging Bowl and Ganapati to name a handful.
Rye Lane is handy for fruit and veg stalls, banks and high street offerings such as Boots and Holland and Barrett, as well as hip destinations in Peckham Plex, The Bussey Building & Copeland Park complex (including rooftop cinema), and Franks rooftop bar in the warmer months.
Choumert Road itself has some popular businesses. The flat is just a stones throw away from The Montpelier pub and Petitou cafe for example. Blenheim Grove is also close for more lovely eateries.
Camberwell and Dulwich are close for more options. We like The South London Gallery on Peckham Road, and Lordship Lane and North Cross Road for more independent shopping, cafes and restaurants.
Green space? Warwick Gardens is close by, as is Peckham Rye Park and Commons 113 acres. Peckham Rye Park has a historic grade II listed status, plus Green Flag status since 2007.
Tenure: Leasehold (approx. 97 years remaining)
Ground rent: 10 per annum
Council tax band: D
Borough: Southwark
Map location is not available for this property.
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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