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Gray St, London, SE1 8UY
£400,000 Offers over
Bedrooms
Bathrooms
Reception
Two double bedroom, two bathroom modern build apartment located a 7 minute walk to Lewisham town centre and a 6 minute walk to Hilly Fields. Internally this apartment measures just under 1000 sqft, with an open-plan kitchen,dining and living space measuring almost 29ft in length. Additionally, there is one allocated parking space, plenty of storage and is fully double glazed throughout.
Train services run from Lewisham to London Bridge in less than 10 minutes, Charing Cross in 18 minutes, Cannon Street 14 minutes and London Victoria in 23 minutes. DLR services allow you to reach Canary Wharf in 15 minutes. Location is key, and this property does not disappoint! Brockley, Deptford, Greenwich and Lewisham are all within an easy walk away and the award-winning Brockley market is a stone's throw from Greenbanks Close.
Lewisham is full of amenities from local restaurants, a 4shopping centre, pubs, supermarkets, gyms, a swimming pool and yoga studios. Brockley has a buzzing atmosphere with some great local spots to eat and drink all within a few minutes walk away. The Orchard, Brickfields, Browns of Brockley and Mama Dough are a few worth noting. A buzzing weekly farmers market is hosted in Brockley which has great sense of community.
Service charge approximately 2,138 per annum
Ground rent is approximately 250.00 per annum
Lease remaining is approximately 115 years
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.
Gray St, London, SE1 8UY
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