2 bedroom maisonette for sale

£550,000 Offers in excess of

2

Bedrooms

1

Bathrooms

Floorplan

Vendor is currently in the process of extending the lease and the property will be sold with the lease extension
Bennett Mason are delighted to present this superbly located maisonette in De Beauvoir Town, within reach of superb cafes delis and pizzerias. Located within walking/cycling distance to the City and within easy access of Haggerston, Dalston Junction and Essex Road Stations. It would be ideal for a couple or small family looking to get on the property ladder or make the move up from a one bed and within the catchment area of two outstanding primary schools and Islingtons parks and Regents Canal within 100m.

The property benefits from being on the ground and first floor and has direct access to the communal garden and its own front door. The property is over two levels with two double bedrooms, upstairs full bathroom, large living room and modern kitchen downstairs with guest wc. The living room is generously proportioned with a working fireplace and timber panelling. The kitchen has modern units, marble worktops and splashbacks and integrated top of the range appliances with ample work space and storage. The bathroom has contemporary porcelain tiles, Kaldewei steel bath and Duravit WC and heated mirror. The double bedrooms both benefit from ample built in storage with mirrored cabinets. There is also a small shed for storage. Cycle parking is available via a hanger adjacent to the property.


Service Charge - c1500pa reviewed annually and inclusive of building insurance, gardening and maintenance of communal spaces.
Ground Rent - 10pa
Lease - c89 Years remaining being extended

Nearest Stations:

0.45 miles
Haggerston
0.45 miles
Essex Road
0.64 miles
Dalston Junction
0.68 miles
Canonbury
0.72 miles
Hoxton

Map location is not available for this property.

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

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 13750
  • 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

Adjust these figures

£

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

£ 43950
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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