Gatehouse Gunmakers Lane London E3 5PE

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Available / For Sale

2 bedroom flat for sale

£600,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

600,000 - 625,000
Extremely spacious two-bedroom apartment, offering breathtaking views over the wonderful Victoria Park and Hertford Union Canal.

This property boasts a generous and stylish living accommodation in excess of 1111 sq ft and is located in one of Londons most sought-after areas. The apartment features large windows throughout, allowing natural light to flood every room, enhancing the spaciousness and creating a warm, inviting atmosphere. The open-plan living and dining area is perfect for both relaxing and entertaining, with sleek finishes and contemporary fixtures.

The large kitchen is a chefs dream, offering an abundance of storage with a wealth of units and a stylish cooking island, creating a perfect space for meal preparation and culinary creativity. Both bedrooms are generously sized, with the second bedroom being ideal for guests, a home office, or additional family members.

Situated just moments from Victoria Park, one of Londons largest and most loved parks, and the Hertford Union Canal, this apartment offers the perfect combination of urban living and access to nature. The nearby area is home to a selection of trendy cafes, restaurants, and shops, as well as excellent transport links to the city centre.

This apartment is the epitome of modern city living, offering a peaceful retreat with all the convenience and excitement of East London right on your doorstep. Whether youre looking to relax by the canal, take a stroll through the park, or enjoy the buzzing local scene, this property has it all.

Dont miss the chance to make this exceptional apartment your new home. Contact us today to arrange a viewing!

Council tax band: F

E.P.C. Rating: C

Service charges: 1853.32 Per annum

Ground rent: 200 Per annum

Length of lease: 102 Years

Chain free

DISCLAIMER: Campbell Residential endeavour to advertise accurate representations of properties in descriptions, virtual tours and floor plans, however, they are intended as a guide only and interested parties must satisfy themselves by undertaking a personal inspection.
Measurements are approximate. No responsibility is taken for error or omission or miss statement in these particulars, which do not constitute an offer or contract. No representation of warranty is made or given.

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

£ 497700

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

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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
    £ 15000
  • 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

£ 47700
  • 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

£

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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