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Century House, Armoury Road, Lewisham, London SE8 4LH
Below Market Value Opportunity
Address
Century House, Armoury Road, Lewisham, London SE8 4LH
Description
A one bedroom apartment situated in Lewisham, London, a five minute walk from Lewisham train station. The vendor needs a very quick sale due to financial reasons. We believe the property is worth £185,000 in the current market and have negotiated a £35,000 discount to £150,000. The property is currently tenanted at £999pcm giving a rental yield of 8%.
Financial Information Estimated Market Value £185,000 Purchase Price £150,000Estimated Discount £35,000 Choices Commission £4,500 Estimated Solicitor’s Cost £1,000Stamp Duty £1,500 Estimated Rental Yield 8% Estimated Monthly Rental £999pcm Mortgage quote
Before providing a mortgage example we believe your individual circumstances need to be taken into account. We would therefore be delighted to provide you with a personalised illustration upon request.
Notes
This property is subject to a £500 reservation fee. any queries contact us
This report is intended for guidance only. All figures are approximate and provisionary. The refurbishment/furnishings specification may change. Mortgages are subject to status and availability.Choices Acquisitions does not guarantee rental incomes or post refurbishment values in any way. The value of the property can decrease as well as increase. Rental income can decrease and void periods may occur. Please note that no appliances or systems have been tested. Unless advised, no warranty as to condition or suitability is confirmed. Choices reserve the right to collect a sales fee from the vendor. Purchasers are advised to obtain verification from their surveyor and/or solicitor.
Below Market Value Opportunity
Address
Century House, Armoury Road, Lewisham, London SE8 4LH
Description
A one bedroom apartment situated in Lewisham, London, a five minute walk from Lewisham train station. The vendor needs a very quick sale due to financial reasons. We believe the property is worth £185,000 in the current market and have negotiated a £35,000 discount to £150,000. The property is currently tenanted at £999pcm giving a rental yield of 8%.
Financial Information Estimated Market Value £185,000 Purchase Price £150,000Estimated Discount £35,000 Choices Commission £4,500 Estimated Solicitor’s Cost £1,000Stamp Duty £1,500 Estimated Rental Yield 8% Estimated Monthly Rental £999pcm Mortgage quote
Before providing a mortgage example we believe your individual circumstances need to be taken into account. We would therefore be delighted to provide you with a personalised illustration upon request.
Notes
This property is subject to a £500 reservation fee. any queries contact us
This report is intended for guidance only. All figures are approximate and provisionary. The refurbishment/furnishings specification may change. Mortgages are subject to status and availability.Choices Acquisitions does not guarantee rental incomes or post refurbishment values in any way. The value of the property can decrease as well as increase. Rental income can decrease and void periods may occur. Please note that no appliances or systems have been tested. Unless advised, no warranty as to condition or suitability is confirmed. Choices reserve the right to collect a sales fee from the vendor. Purchasers are advised to obtain verification from their surveyor and/or solicitor.
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