Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£425,000
Bedrooms
Bathrooms
A two-bedroom maisonette set within an attractive Victorian conversion on Bavaria Road, Archway, offering 65.1 sqm (701 sqft) of accommodation.
The flat, set on the first and second floor comprises a spacious front reception room, a separate kitchen, shower room with WC, and two well-sized bedrooms - one positioned at the front and the other at the rear.
Additional benefits include partial double glazed windows, useful storage, EPC rating D, Council Tax Band D, and a share of the freehold.
The property is offered with vacant possession and no onward chain, and requires refurbishment/modernisation-making it an excellent opportunity for investors seeking to add to their portfolio or owner-occupiers looking for a project.
Bavaria Road is a quiet residential street ideally located for the amenities of Holloway Road, Archway, and Finsbury Park.
Excellent transport links are within easy reach, with Archway Underground Station (Northern Line) and Finsbury Park Station (Victoria, Piccadilly and National Rail services) within walking distance.
The area also offers a wide choice of shops, cafs, restaurants, and green spaces, including nearby Whittington Park and Finsbury Park.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
