A desirable ground floor 2 bed conversion flat in a sought after location with excellent rental prospects.It is not often that a property with a London address has such a large discount.

The property is in fabulous condition as it has been recently decorated and has a modern fitted kitchen and garden. It benefits from double glazing and gas central heating.

Conveniently located close to Lewisham Town centre and within a few minutes walk of Lewisham University Hospital .

The property has the benefit of a recent Rics valuation at £210,000 which will give the purchaser instant equity of £34,750.

The property is offered with a huge 16.5% discount for a quick sale and legal completion.

Market price £210,000

Purchase Price £175,250

Instant Equity £34,750

Monthly rent £900

Accommodation

Lounge 14'10 x 10'6

Kitchen 11'8 x 10'3

Bedroom 1 11'2 x 10'7

Bedroom 2 10 x 8'4

Bathroom

The current owner needs a quick sale as they are building another property abroad. The timing of an additional payment is due and therefore they need to release some capital.

Stamp duty - £1750

Legal fees - £575

Legal Disbursement - £350

Survey fee - £400

Mortgage broker fee £800

Pinnacle fee £4935 inc vat

Potential total cost to buy this property £8810.

(These are not exact figures above but a good baseline to work with, also note there will be an agreement fee about 1%-2.5% for the mortgage which will be added on to the loan amount and this amount varies in each case, also product values change daily) *The potential purchase cost is the difference between the mortgage, purchase price and cost to buy. Mortgages are subject to valuation and personal circumstances.