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35 Ivor Place, Marylebone, London, NW1 6EA
£850,000
Bedrooms
Bathrooms
Reception
INVESTMENT OPPORTUNITY TO BUY A SPACIOUS HOUSE CURRENTLY LAID OUT AS TWO SEPARATE FLATS
A 4 bedroom Semi - Detached House situated in the ever popular Melrose Avenue , Willesden Green nearby to the beautiful open land of Gladstone Park. This the first time that this house has been on the market.
The house is currently as two flats , a very spacious one bedroom flat on the ground floor with direct access out to a very large garden at the rear, with the potential of making a side return and to potentially make it into a lavish 2 bedroom flat with the garden , Subject to the usual planning requirements.
This flat has a registered tenant that has been living in the flat for over 30 and further information is available upon on request.
The upper floor flat is currently rented until August 2022 on an assisted shorthold tenancy , further information is available on request , this flat is a 3 bedroom flat.
Please call with further enquiries on 0207 4310666
New Home: Non New Home
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.
35 Ivor Place, Marylebone, London, NW1 6EA
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