Bexley Council - Band E - £2,060.34p per annum 2020/21.
Albany Park Station - 0.5 Miles (approx 10 minutes' walk)
Hurstmere School - 0.5 Miles (approx 10 minutes' walk)
Cleve Park School - 0.6 Miles (approx 12 minutes' walk)
Hurst Primary School - 0.7 Miles (approx 14 minutes' walk)
Chis & Sid Grammar School - 0.8 Miles (approx 15 minutes' walk)
Royal Park Primary School - 0.8 Miles (approx 16 minutes' walk)
Sidcup High Street - 1.2 Miles (approx 4 minutes' drive)
Bexley Village - 1.6 Miles (approx 5 minutes' drive)
This property is a licensed 6 bed HMO (Please see floor plan).
25% Deposit required (experienced landlords may find mortgages offering 20% deposits, we can assist you with this if required) = £143,750
Stamp Duty - £36,000 (Pay £21,000 if you can complete before June 30th 2021, saving £15,000)
Annual rent received = £39,480
Annual expenditure = £7,106.12p plus maintenance (average £1,000 per annum) and estate agency fees if required.
Providing an approximate gross annual return of 9.99% from your initial investment.
Figures calculated based on a purchase price of £575,000.
If you have any further questions, please do not hesitate to get in touch.
Please Note: All measurements are approximate and are taken at the widest points. They should not be used for the purchase of furnishings or floor coverings. Please also note that The Property Cloud have not seen any paperwork relating to any building works that may have been carried out within this property, nor have we tried or tested any appliances or services. These particulars do not form part of any contract, floor plans & photographs, whether enhanced or not, are for general guidance only. We would strongly recommend that the information which we provide about the property, including distances or guidance on rental value, is verified by yourselves upon inspection and also by your solicitor before legal commitment to the purchase.