3 bedroom flat for sale

£650,000

3

Bedrooms

2

Bathrooms

Floorplan

This smart and stylish three-bedroom, two bathroom apartment sits on the 3rd floor of a sought-after development in the heart of Dalston, surrounded by incredible amenities, transport links and even greenery.

As well as the immaculate decor and abundance of natural light, the home benefits from a spacious open plan living area, plenty of storage, a private west-facing balcony, a residents gym and a concierge service. And if that wasnt enough, its available chain-free, too.

IF YOU LIVED HERE...

Wed go as far as to say that its impossible bored in Londons coolest quarter - Dalston will constantly keep you on your toes with its thriving food and drink scene, but if you do need to take time out, your home is the perfect sanctuary

Coming in at 850 square feet, the apartments awe-inducing views add to the great sense of proportion, as does the immaculate decor, giving it all a dazzling yet calm feel. The open plan kitchen/reception room is particularly stylish, with the neutral tones and a balcony flanking one side - west-facing no less. The kitchen area is sleek and modern, with plenty of storage space and integrated appliances. Theres room for dining as well as relaxing, but if youre feeling energetic youll be pleased to make the most of the residents gym (no excuse to shun your workout now!).

The bedrooms all have a considered colour palette, and one have in-built storage, while the master has a contemporary en-suite with a walk-in shower, the third is being used as a walk in wardrobe. The main bathroom is just as modern, but with an over-tub shower, so youve got plenty of choice when it comes to bathing.

As for beyond, you can wander in almost any direction and find some entertainment. To start with, how about heading to Dalston Junction and up to Voodoo Rays pizza, then the eclectic Ridley Road Market Bar, before finishing off at the unique Dalston Superstore? Slightly more low key night? Either the Prince George or Spurstowe Arms would make a brilliant local - theyre both gloriously traditional and perfect for people watching with a pint.

As well as these much-loved institutions, youll find exciting new ventures constantly cropping up and keeping you on your toes, so prepare to be busy.

WHAT ELSE?
- Transport is plentiful in this area with some excellent bus routes nearby, as well as Dalston Junction station (three mins on foot), which is served by the Overground. If you have the time and energy, its a pleasant walk over the canal into Shoreditch, and the City, while Islington is also walkable.
- The Rio Cinema is just nine minutes away on foot and has a brilliant selection of blockbusters and indies alike, as well as a great cafe bar - the perfect meeting point for a date.


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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 538950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 51450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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