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£285,000
Bedrooms
Bathrooms
Introducing this immaculate and spacious one-bedroom leasehold balcony flat, perfectly situated in the vibrant Upper Clapton Road, Hackney, E5. This stunning property offers a fantastic opportunity for those seeking a stylish urban lifestyle. Boasting a leasehold with 88 years remaining, this flat is in impeccable condition and features a very spacious layout that is sure to impress. Situated on the first floor of an ex-local authority building with lift access, convenience and accessibility are at the forefront of this propertys appeal.
The interior welcomes you with a large separate reception room, creating a versatile living space, complete with a door leading out to a private balcony that overlooks the bustling Upper Clapton Road. The separate double bedroom offers ample space for relaxation and comfort, while the separate fitted kitchen provides a modern and functional cooking area. The principal three-piece bathroom suite ensures convenience and privacy, while the wooden laminate flooring and neutral decor throughout add a touch of elegance to the interior.
The propertys prime location places it within close proximity to the Clapton Overground Station, ensuring seamless connectivity to the rest of the city. Additionally, the absence of a chain provides a hassle-free buying experience. Furthermore, the property is surrounded by an array of amenities, including supermarkets such as Fairdeal Foodstore (0.72km), M & A Express (0.75km), and Tesco Express (0.85km), making everyday shopping a breeze. The vibrant culinary scene is also within reach, with delightful dining options like Perfect Fried Chicken (0.52km), Vicolo (0.67km), and Smoke & Pepper (0.8km) nearby.
For families, the property offers easy access to several popular schools, including Al-Falah Primary School (0.52km), Saint Scholasticas Catholic Primary School (0.56km), and Baden-Powell School (0.6km), ensuring quality education options within a short distance. Additionally, the property is conveniently located near essential amenities such as hospitals, doctors offices, pharmacies, fitness clubs, nightlife spots, cinemas, parks, post offices, libraries, and more, providing a well-rounded and convenient lifestyle for residents.
Embrace this exceptional opportunity to own a remarkable property in a thriving and sought-after area. Dont miss out on the chance to experience the best of urban living in Hackney. Arrange a viewing today and make this stunning flat your new home!
Leasehold Property with 88 years remaining
Service Charge including Ground Rent 148.81 per month
Council Tax 1,460.00 per year.
EPC rating C
Please call us today to schedule a viewing.
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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