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£1,275,000
Bedrooms
Bathrooms
Reception
The residence spans three levels, commencing on the ground floor which features an inviting entrance hall leading to a garage, shower room, and bedroom with direct access to a delightful garden.
Ascending to the first floor, one is met with a remarkably luminous kitchen and reception area. Recently upgraded to an elevated standard, the kitchen is complemented by steps that descend to the garden, rendering it an ideal setting for hosting gatherings. The space is thoughtfully partitioned into a dining area and living area.
The second floor encompasses a further two bedrooms and a bathroom, with the second bedroom boasting a remarkable south-facing terrace.
Rosemary Street enjoys a highly advantageous location on the borders of De Beauvoir Town, a vibrant and trendy district, known for its abundance of excellent eateries and inviting pubs. Moreover, the proximity to the serene Regents Canal renders this location a prime spot for those seeking a harmonious balance between urban amenities and natural surroundings.
A leisurely stroll along the canal will lead you to Angel and Victoria Park in opposite directions, each offering a unique set of attractions and recreational activities.
In addition to its attractive surroundings, Rosemary Street boasts excellent transport links, making it an ideal location for commuters. The availability of numerous bus routes connecting this locale to the city centre, combined with its close proximity to both Haggerston and Essex Road stations, makes it easily accessible by public transport.
Tenure: Freehold
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.
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