2 bedroom maisonette for sale

£495,000

2

Bedrooms

1

Bathrooms

Floorplan

Available for sale is this fantastic period maisonette flat forming part of this modern Victorian style residence adjacent to famous Chatsworth Road. Boasting bright and spacious interiors, offering a wealth of amenities on your doorstep along with a mixture of modern fittings, high ceilings with original period features presented to a high standard.

Spread over the raised ground and first floor, this property has character and charm in abundance and bathed in natural light. Comprises of two bedrooms (one great size double and one medium size), modern 3-piece bathroom suite, to the front boasts large dual aspect bay windows with a charming open plan fully fitted kitchen/dining area with modern appliances.

Retaining a host of grand original features, exquisite modern designs and bathed in natural light. Situated in this popular location you have access to the open green spaces of Millfields Park, Hackney Downs Park and both Leyton and Hackney Marshes.

Clapton, Homerton and Hackney Downs Overground stations both offering easy access into central London are also within a short walk. Further more only 15-20 minutes journey away from Shoreditch and Bethnal Green Tube Station, and fantastic 24hour bus service.

Rushmore Road is enviably appointed in this prestigious street and within easy reach of shops and transport links of Hackney Central as well as Lower Clapton and Chatsworth Road.

Lease remaining is 90 years

Ground Rent 50 per year

Council Tax Band B - 1,460.00 p/a - London Borough of Hackney

EPC rating C

This property would be ideal for a small family, couple and buy to let investors.

Please call our dedicated Sales Team for more information and if you would like an appointment to view.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,140.71

Total Interest: £275,655.95

Overall Total: £770,655.95

Amortization For Monthly Payment: £2,140.71 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£15,694.26 £9,994.27 £485,005.73 
2026£15,369.71 £10,318.82 £474,686.91 
2027£15,034.63 £10,653.91 £464,033.01 
2028£14,688.66 £10,999.88 £453,033.13 
2029£14,331.45 £11,357.08 £441,676.05 
2030£13,962.65 £11,725.89 £429,950.16 
2031£13,581.87 £12,106.67 £417,843.50 
2032£13,188.72 £12,499.81 £405,343.69 
2033£12,782.81 £12,905.73 £392,437.96 
2034£12,363.71 £13,324.82 £379,113.14 
2035£11,931.01 £13,757.52 £365,355.62 
2036£11,484.25 £14,204.28 £351,151.34 
2037£11,022.99 £14,665.54 £336,485.79 
2038£10,546.75 £15,141.78 £321,344.01 
2039£10,055.04 £15,633.49 £305,710.52 
2040£9,547.37 £16,141.17 £289,569.35 
2041£9,023.20 £16,665.33 £272,904.02 
2042£8,482.02 £17,206.51 £255,697.51 
2043£7,923.27 £17,765.27 £237,932.25 
2044£7,346.37 £18,342.17 £219,590.08 
2045£6,750.73 £18,937.80 £200,652.28 
2046£6,135.75 £19,552.78 £181,099.50 
2047£5,500.81 £20,187.73 £160,911.78 
2048£4,845.24 £20,843.29 £140,068.49 
2049£4,168.38 £21,520.15 £118,548.34 
2050£3,469.55 £22,218.98 £96,329.36 
2051£2,748.02 £22,940.51 £73,388.84 
2052£2,003.06 £23,685.47 £49,703.37 
2053£1,233.91 £24,454.62 £25,248.75 
2054£439.78 £25,248.75 £0.00 

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

£ 398,575

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 26,943

Cumulative Rental Profit

£ 269,433

Cost of Purchase

£ 27,325
  • Stamp Duty
    £ 12,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12,375
  • 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

£ 32,457
  • Mortgage Interest
    £ 17,936

    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)
    £ 7,841
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,940
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 553,411
  • Final Equity Profit
    £ 283,978

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 269,433

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 806,303

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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