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£1,550,000
Bedrooms
Bathrooms
A stunning three bedroomed apartment with direct access onto delightful communal gardens. This rarely available extended apartment also benefits from beautiful period features, high ceilings and hard wood flooring throughout. The apartment is accessed from the raised ground floor communal entrance lobby with stairs down to an good sized hallway leading to an impressive reception room with beautiful cornicing and feature fire place and doors leading to the communal garden, dining area and well equipped kitchen with breakfast bar and ample preparation space, principal bedroom with bay-window, fitted wardrobes and a generous en-suite shower room, second bedroom with fitted wardrobes and an en-suite bathroom, third double bedroom with bi-folding doors onto communal garden and family bathroom. Located on the desirable tree lined avenue within c;lose proximity to he shops and restaurants of Formosa Street with the picturesque Regent Canal is also very nearby. The nearest underground station is Warwick Avenue (Bakerloo Line). For the motorist there is easy access to the A40 / M40 and A5 / M1. Street Share of Freehold. EPC= D. Council Tax Band = Band G. Service Charge: 4400 per annum
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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