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£355,000
Greatfield Close, London
- 2 beds
£355,000
- 2 beds
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Estimate monthly mortgage payment:
£1,621 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£17,750
Property listed by:
Pure Investor
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Pure Investor brings to the market this 2 bed apartment at Greatfield Close, Brockley, South East London SE4 1JZ. The apartment comes with a tenant in situ who is in a fixed term AST agreement till the 31st December 2024 and is currently paying £1,250.00 pcm. The property comprises of a great size two double bedroom apartment set on the first floor, featuring an 18ft lounge with West facing balcony, well-planned kitchen and tiled bathroom.
Investment Information
- Full address: 36 Greatfield Close, Brockley, South East London SE4 1JZ
- Asking price: £355,000.00
- Number of bedrooms: 2
- Number of bathrooms: 1
- Shared garden space
- Ground rent: £10.00 per annum
- Service charge: £947.50 per annum
- Parking space included
- Leasehold: 91 years remaining
- Lewisham Council have confirmed that a 90 year Lease extension would cost £650 for legal fees and £550 for valuation fees.
- Current tenant moved in on the 05th Jan 2022
- Current tenants contract expires on the 31st Dec 2024
- Current landlord self manages her property so no letting agent is involved
- Fantastic scope for capital appreciation
- Current rental figure: £1,250.00pcm (gross annual £15,000.00)
- Expected current market rent: £1,500.00pcm (gross annual £18,000.00)
- Expected rental figure when current tenancy ends in 2024: £1,575.00 (gross annul income £18,900.00) working off an annual uplift of around 5%
- Current rental gross yield: 4.22%
- Current rental net yield: 4.0%
- Expected gross yield working on a current market rental of £1,500.00pcm: 5.1%
- Expected net yield working on a current market rental of £1,500.00pcm: 4.8%
- Expected gross yield when the current tenancy ends on the basis of an annual 5% uplift: 5.3%
- Expected net yield when the current tenancy ends on the basis of an annual 5% uplift: 5.1%
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£1,621 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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