6 bedroom terraced for sale

£2,800,000 Guide Price

6

Bedrooms

3

Bathrooms

Floorplan

FIVE STOREY HOME IN THE HEART OF STOKE NEWINGTON | NEARLY 3,500 SQ FT OF INTERNAL SPACE | HUGE OVERALL PLOT SIZE WITH SOUTH FACING GARDEN & ROOFTOP TERRACE | PERIOD FEATURES GALORE | FIVE DOUBLE BEDROOMS AND SEPARATE STUDY | HUGE POTENTIAL TO FURTHER EXTEND | VAST KITCHEN / DINER / LIVING ROOM OCCUPYING ALL OF ONE FLOOR

GUIDE PRICE 2,800,000 - 3,000,000

One of the largest homes that has been on the market in the last decade in N16, located right in the heart of Stoke Newington and its much loved amenities, is this five storey 1860s house offering nearly 3,500 square feet of internal space and sitting on one of the largest plots in the area with a 62 foot long garden. Boasting two full floors of living space, five bedrooms including a ginormous master suite with bi-folding doors and balcony over-looking the City and three bathrooms, this home is perfect for buyers seeking space, style and location.

This home comprises a whole open plan floor on the lower level, with a kitchen, dining, living room and a bathroom/ utility room just off the hallway. With the lower floor being an original part of the house, the ceiling height is great and a huge glass roof and wall to wall windows (facing south) ensure daylight is flooded throughout. The original floorboards are present and adds character along with the imposing fireplace.

The raised ground floor comprises a very grand, dual aspect through-lounge, with high ceilings, original cornicings and ceiling roses, the same original floorboards that run throughout and huge sash windows with original shutters. This floor is complete with a study, a perfect size with a south facing window overlooking the garden catching all day light.

Across the next two upper floors are four large double bedrooms, each bathed in natural light and showcasing period details like ornate fireplaces, gorgeous wooden floors and tall windows. Two bathrooms are situated on these levels, alongside a fabulous south facing rooftop terrace that provides sweeping views of the surrounding Stoke Newington neighbourhooda true urban sanctuary.

The top floor is a real show stopper and one of the largest master bedrooms you will see in the area. Measuring almost 500square foot (average size of a 1 bed flat in London) this room has dual aspect windows and being on the top floor benefits from south facing, wall to wall, bi-folding doors with a glass balcony offering stunning rooftop views across London.

The rear garden is a rare gem: expansive and serene, with mature trees and plenty of space for entertaining, gardening, or relaxing. Its size also presents exciting possibilities for further development (STPP), offering room to expand the home while still maintaining more than ample outdoor space.

Further benefiting from permit parking, modern heating system, grand entrance hallway and landing spaces, large front garden and a beautiful brick faade, this property has it all.

Located in the vibrant and highly desirable Stoke Newington and less than a 20 second walk to the nearest amenities including a farmers market, independent shops, organic cafes and just a short stroll to some of the best restaurants in Stoke Newington and Dalston.

Nearby green spaces, including Clissold Park and Abney Park, are perfect for families, dog walkers, and outdoor enthusiasts with playgrounds, sports fields, a bowling green, a skatepark bowl, tennis courts and a paddling pool.

Nearby schools are rated Outstanding by Ofsted ranging from Primary up to final education.

Transportation is likewise excellent, with Dalston Kingsland, Rectory Road, and Stoke Newington overground stations all within a half-mile radius, providing easy access to the City and beyond.

A combination of the huge size and character of the home and local open spaces, schools and excellent amenities are why this home will make an excellent purchase for an array of buyers.

GUIDE PRICE 2,800,000 - 3,000,000


VIEWINGS BY APPOINTMENT ONLY


FREEHOLD

(please note some of the sellers personal items have been digitally removed from the pictures).

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

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

Mortgage Required

£ 2419950

Mortgage Loan to Value

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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
    £ 70000
  • 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

£ 319950
  • Mortgage Interest
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    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)
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  • Maintenance
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  • Insurance
    £ 500
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  • Service Charge
    £ 0

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Total Profit

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

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