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£369,995
Bedrooms
Bathrooms
Nestled in the charming area of Hemnall Street, Epping, this modern flat offers a delightful blend of comfort and convenience. Spanning an impressive 739 square feet, the property features two well-proportioned bedrooms, making it an ideal choice for couples, small families, or those seeking a spacious home office.
Upon entering, you are welcomed into a bright and airy open-plan kitchen/reception room, perfect for relaxation or entertaining guests. The kitchen offers integrated appliances, ample storage with the contemporary design ensuring that the space is both stylish and functional, catering to the needs of modern living. The main bedroom is complete with a fully tiled ensuite shower room, further double bedroom and stylish family bathroom, providing ample facilities for residents and visitors alike, enhancing the overall convenience of the home.
Additionally this well thought out apartment offers one secure underground parking space. Epping is known for its picturesque surroundings and vibrant community, offering a range of local amenities, including shops, cafes, and parks. The area is well-connected, making it easy to access nearby towns and cities, while also providing a peaceful retreat from the hustle and bustle of urban life.
This flat is a wonderful opportunity for those looking to invest in a modern property in a sought-after location. With its appealing features and prime setting, it is sure to attract interest from a variety of buyers. Do not miss the chance to make this delightful flat your new home.
Lease length remaining 105 years / Service Charge 2972.30 / Ground Rent 250.00
Living Room - 4.78 x 4.52 (158' x 149') -
Kitchen - 3.40 x 1.84 (111' x 60') -
Bedroom 1 - 4.66m x 2.96m (153' x 98') -
En-Suite - 2.30m x 1.70m (76' x 56') -
Bedroom 2 - 9 11 x 14 10 (3.02m x 4.52m) -
Family Bathroom - 1.70 x 2.40 (56' x 710') -
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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