HMO Terraced House
stamp duty: £86,750
mortgage fees: £1,500
conveyancing fees: £1,000
1 reception room
The vendor provided us with the following running costs for this property:
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The London Borough of Lambeth forms part of Inner London and is a borough in South London. Its administrative centre is in Brixton Hill 4 miles south of Charing Cross.
Lambeth is bordered to the east by the LB of Southwark, to the west by the LB of Wandsworth, to the south-west by the LB of Merton and to the south by the LB of Croydon.
The borough is made up of 21 districts including Brixton, Clapham, Lambeth, Waterloo, Streatham, Vauxhall and Crystal Palace.
Its central position in London offers a vast array of public transport options, including cycle routes, walking routs and numerous bus services. There are eight London Underground stations, served by the Bakerloo, Northern, Victoria and Waterloo & City line in Travelcard zones 1 & 2. The boroughs twelve railway stations offer services by South Western Railway, Southeastern, Southern and Thameslink. There are also two London Overground stations.
Some of the boroughs must see and must do attractions include Lambeth Palace, Museum of Garden History, MI6 Building, Imperial War Museum, 575 Wandsworth Road, The Old Vic, The Oval, The Southbank Centre, Brixton Market and Brixton Academy.
There are over 64 areas of parks and open spaces to be found in Lambeth including Clapham Common, Jubilee Gardens, Brockwell Park and Lido, Vauxhall Park, Vauxhall City Farm, Streatham Common, Kennington Park and Myatt’s Fields Park, to name a few.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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