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£409,950
Bedrooms
Bathrooms
A large two double bedroom property located on the top floor of a modern development. The property is bright and spacious throughout and includes a good sized kitchen with dining space, a large reception room which leads to a large sized, private, south west facing balcony. The property also benefits from two large storage cupboards and a good-sized bathroom.
This property is ideally located close to Newington Green, Islington and Dalston offering access to an array of various shops, cafes, bars and restaurants, Upper Street is just a short distance away and nearby Clissold Park provides a wonderful green space. Kingsland road offers a wonderful vibrant atmosphere with various places to eat and socialise and as well as numerous large supermarkets making the property conveniently located for all of the local amenities.
The property has excellent transport links including Dalston Kingsland and Dalston Junction Canonbury (Overground) offering links to Highbury and Islington (Victoria line) linking up with Kings Cross and central London and a wide variety of bus routes all allowing easy access into The City and West End.
There will be a new 125 year lease on this property.
The service charge is 1,866.55 per year.
There is no ground rent.
Map location is not available for this property.
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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