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£270,000
Bedrooms
Bathrooms
A spacious top floor one double bedroom apartment for sale in the private modern Paxton Road development, with access to a private swimming pool and communal gardens, located within a safe and well-maintained residential estate offering a lovely sense of community.
Offered chain free.
The property comprises a large reception room, fitted kitchen, a modern bathroom suite with shower/bath and one generous size double bedroom. The apartment benefits from a huge private loft space which is ideal for storage. It has a great outlook with lots of natural light.
Further benefits include access to a private swimming pool, communal garden and barbecue area, zen garden, covered bike rack, allocated off street parking and so much more.
The property is an ideal purchase for a first-time buyer looking to make a home within a popular and safe community.
The flat is located near to excellent local amenities including cafs , a large supermarket and beautiful Mayow Park. The Horniman Museum and popular Forest Hill high street are a short walk away.
The apartment benefits from strong and varied transport links, offering easy access to Forest Hill, Sydenham and Lower Sydenham stations and numerous bus routes, giving a range of travel options. It is ideally located for travelling to London Bridge, Victoria, Canada Water, Canary Wharf, Shoreditch, Whitechapel, Highbury & Islington and many other locations across the whole of London.
It is also well positioned for exploring local areas, including Forest Hill, Sydenham, Beckenham, Dulwich and Crystal Palace.
Please call Winkworth on to arrange an appointment to view.
Location:
Located on Paxton Road within close proximity to Forest Hill and Sydenham mainline stations and Overground, providing easy access to London Bridge and the City, as well as Highbury and Islington and Shoreditch.
Locally there is a vast array of cafes, bars, independent restaurants and local shops in the high streets of Forest Hill and Sydenham, as well as Perry Vale (5 mins).
Close by there is a choice of green spaces including Mayow Park, Dulwich Woods, Horniman Museum & Gardens, Dulwich Park, Beckenham Place Park and Crystal Palace Park.
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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