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93A Stoke Newington Rd, London, N16 8AA
£1,250,000 OIRO
Bedrooms
Bathrooms
Reception
Exceptional Mixed-Use Freehold Investment Opportunity in the Heart of Newington Green
Located on the ever-popular Green Lanes, this impressive freehold property offers a rare chance to acquire a well-positioned and income-generating asset in one of North Londons most vibrant and rapidly evolving neighbourhoods.
The property comprises a ground floor Class E commercial unit, currently operating as a thriving Turkish restaurant and takeaway, and a beautifully refurbished three-bedroom residential apartment above. The upper flat features three generous double bedrooms and has recently undergone a high-quality renovation, making it an attractive proposition for tenants or owner-occupiers alike.
Green Lanes is renowned for its bustling atmosphere, lined with independent boutiques, eateries, and cafs, and has benefited from significant regeneration over the past decade. The area continues to grow in popularity among both residents and businesses, ensuring strong rental demand and long-term capital growth potential.
The commercial unit is let and producing a stable rental income of 20,000 per annum, with one years remaining on the current lease, held under the Landlord & Tenant Act 1954, providing both security and flexibility for the future.
Located just a short walk from Canonbury Overground Station and with excellent transport links into Central London, this is an ideal opportunity for investors seeking a well-balanced asset in a dynamic and desirable London location.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
93A Stoke Newington Rd, London, N16 8AA
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