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£425,000
Bedrooms
Bathrooms
A second floor 2 double bedroom apartment which has a really spacious Open Plan Living / Dining Kitchen with access to a private balcony with a kitchen with fully integrated appliances and granite worktops. Many of the windows are Floor to Ceiling letting the light flood in!
Both bedrooms are double sized rooms with laminate floors and fitted wardrobes. The master bedroom has the convenience of a lovely Ensuite shower room and the family bathroom is equally well presented with fully tiled walls and cermaic tiled floor.
The property is located within a contemporary development with a variety of open spaces to enjoy. The apartment comes with an allocated Parking Space and a long lease (114 years remaining)
Entrance Hall Open Plan Living / Dining Fitted Kitchen space with integrated appliancesBALCONY Main Double Bedroom with fitted wardrobesEnsuite Bathroom Second Double Bedroom with fitted wardrobesFamily Bathroom Outside:Allocated ParkingA single allocated parking space located within sight of the apartment Communal GardensThere are well kept communal grounds surrounding this and the other buildings that make up Caulfield Gardens creating areas of calm, for play and for sporting activitiesLease :Approx 114 years remaining Original Lease: 125 years from 1st January 2012Ground Rent150.00 per annumCurrently paid at 12.50 per monthService ChargeYear 2023/24: 1857.24 per annumCurrently paid at 154.77 per monthThe service charge year runs from 1st April to 31st March each yearPrevious YearsYear 2022 / 23: 1726.92Year 2021 / 22: 1438.08Year 2020 / 21: 1624.92
Local Authority: Harrow CouncilCouncil Tax Band: Band D, currently 2162.80 per annum
Map location is not available for this property.
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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