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£1,000,000
Bromley Road, London, SE6
- 0 beds
£1,000,000
- 0 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£4,565 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
£50,000
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INVESTMENT
The property comprises an attractive detached two storey Victorian building over two floors, arranged as four flats. These consist of 2 x 1 bedroom and 2 x 2 bedroom units. The current income is £50,400 per annum with the potential to increase to over £65,000 with the letting of vacant Unit 2.
The building is set on a generous plot of over a quarter of an acre, with off street parking to the front and a generous garden to the rear which is currently shared by the tenants, but has potential for additional accommodation ( subject to the necessary consents).
Each flat is separately metered, fully self-contained, and in good decorative order.
Investment Summary
Flat Floor Desc. Size (sq.ft.) Income Income £/PA Tenancy Start EPC Rating
1 G 2 bed 668 1500 18000 11/2/2022 D
2 G 1 bed 468 1250* 15000* VACANT D
3 1 1 bed 504 1250 15000 28/2/2022 D
4 1 2 bed 884 1450 17400 14/11/2018 E
TOTAL 5450 65400
One Bedroom Ground Floor (vacant refurbished flat).
Two Bedroom Ground Floor (Tenant)
Two Bedroom Top Floor (Tenant)
Two Bedroom Top Floor (Tenant)
The property comprises an attractive detached two storey Victorian building over two floors, arranged as four flats. These consist of 2 x 1 bedroom and 2 x 2 bedroom units. The current income is £50,400 per annum with the potential to increase to over £65,000 with the letting of vacant Unit 2.
The building is set on a generous plot of over a quarter of an acre, with off street parking to the front and a generous garden to the rear which is currently shared by the tenants, but has potential for additional accommodation ( subject to the necessary consents).
Each flat is separately metered, fully self-contained, and in good decorative order.
Investment Summary
Flat Floor Desc. Size (sq.ft.) Income Income £/PA Tenancy Start EPC Rating
1 G 2 bed 668 1500 18000 11/2/2022 D
2 G 1 bed 468 1250* 15000* VACANT D
3 1 1 bed 504 1250 15000 28/2/2022 D
4 1 2 bed 884 1450 17400 14/11/2018 E
TOTAL 5450 65400
One Bedroom Ground Floor (vacant refurbished flat).
Two Bedroom Ground Floor (Tenant)
Two Bedroom Top Floor (Tenant)
Two Bedroom Top Floor (Tenant)
Mortgage calculator
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£4,565 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
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).
£41,250
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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