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£680,000 Guide Price
Bedrooms
Bathrooms
OVER 1000 SQ FT | THREE DOUBLE BEDROOMS | GORGEOUS BAY WINDOW FACING SOUTH EAST | SPACIOUS AND BRIGHT ROOMS | HIGH CEILINGS AND LARGE SASH WINDOWS | ORIGINAL FLOORBOARDS AND FIREPLACE | PRIVATE LOFT STORAGE | 0.5 MILES TO STOKE NEWINGTON STATION | 0.2 MILES TO SPRINGFIELD PARK | SHARE OF FREEHOLD ...
GUIDE PRICE 680,000 - 715,000 ...
An exceptional three double bedroom flat, located on the raised ground, first and half landing second floor of a Victorian House, featuring scrumptious period features and measuring an impressive 1006 square foot.
A stunning focal point of this apartment is the reception room with the gorgeous bay window, facing South East. With high ceilings, original floorboards, feature fireplace, cornicings and large sash windows, the room is stylish, bright and spacious. There is plenty of space for a large sitting area and dining table.
The separate kitchen is directly next to this room providing potential to create a special open plan kitchen / dining / living room, (subject to the usual regulations). The current kitchen also has those lovely high ceilings, with good counter space and room for all the usual appliances including dishwasher.
All three bedrooms are really good sizes comfortably fitting in double beds, wardrobes, drawers and a desk and all feature the original floorboards. The master bedroom is complete with rear facing bay window.
The bathroom is modern, well-kept and comprises a bath with shower, w/c, sink and a good amount of storage space.
The property has a large amount of overall storage including the loft space and several storage cupboards. The entrance level could add to this, whether bike storage or built in furniture.
This gorgeous home further benefits from gas central heating via a combi boiler, a share of freehold, sash windows throughout and potential to extend into the loft (STPP). The property is available to buy chain free.
Brilliantly located for a variety of buyers, this spacious apartment is 0.5miles from Stoke Newington Station providing access to Liverpool Street in just 23 minutes from your door to station.
Stoke Newington High Street is here too, with its much loved amenities from small independent coffee shops and restaurants to large chain stores.
Springfield Park is one of our favourite local parks, with its plethora of sports facilities and open green space. It holds a green flag award and had a 4.1m investment in 2017, adding kids play park, caf, sports facilities, nature trails and River trails.
The property is within the catchment area of many Outstanding rated Ofsted Schools and nurserys.
All the above make this a perfect property and location for an array of buyers, from first time buyers, those with children and buy to let investors.
GUIDE PRICE 685,000 - 715,000 ...
SHARE OF FREEHOLD
Lease : 990 years remaining.
Ground Rent : 0 per annum.
Service Charge : As and when, 1/3 of costs
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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