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£185,000
Bedrooms
Bathrooms
We advise that an offer has been made for the above property in the sum of 172,000. Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts. Daniels estate agents, 438 High Road, Wembley, HA9 6AH-
CASH BUYERS ONLY- NO UPPER CHAIN- ONE DOUBLE BEDROOM purpose built flat situated on the sixth floor with lifts in block.
This HOME offers an open plan lounge/kitchen, bedroom, bathroom and a balcony with approximately 110 years lease & 116.40 PCM servive charge (as confirmed by our vendors).
LOCATED within a stones throw from all the local amenities of Wembley Park as well as WEMBLEY PARK TRAIN STATION and various bus routes for further transport links, also within walking distance is the London designer outlet.
The property does need some TLC but with everything this property has to offer, we feel an early viewing is recommended.
Council tax band B- We are informed that the EWS1 is not available at present (due to no inspection having taken place), so this may be more preferable to a CASH PURCHASER.
Communal Entrance -
Entrance -
Lounge -
Kitchen -
Bedroom -
Bathroom -
Balcony -
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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