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£295,000 Guide Price
Bedrooms
Bathrooms
Presenting an excellent opportunity to acquire a charming and spacious one-bedroom flat nestled within the desirable Stoke Newington N16 area. This delightful property boasts a large separate lounge, providing ample space for relaxation and entertaining, while the separate cosy kitchen offers a functional and inviting space for culinary pursuits. The property also features a separate bathroom suite and lovely wooden laminate flooring, creating a warm and welcoming ambiance throughout.
Positioned on the second floor of a low-rise ex-council building, this flat is offered for sale with a guide price of 295,000 - 320,000, making it an ideal investment for first-time buyers or astute investors. With a service charge of 1800 per year and a lease remaining of 90 years, this property offers both affordability and long-term security.
Conveniently located in vibrant Hackney N16, the property is situated in N16 8LS, ensuring easy access to a plethora of amenities and attractions. For families, the area is surrounded by popular primary schools, including The Childrens House Upper School (0.15km), Saint Matthias Church of England Primary School (0.28km), and Newington Green Primary School (0.28km), offering educational excellence within close reach.
Furthermore, the property is within close proximity to Dalston Kingsland and Dalston Junction railway stations, providing seamless connections to the wider city. Nearby supermarkets such as Aldi (0.43km) and Amazon Fresh (0.43km) offer convenient shopping options, while dining out is a delight with the likes of Nev Kitchen (0.29km) and the Rio Cinema (0.3km) providing entertainment and culinary experiences just moments away.
Additional benefits include easy access to healthcare facilities such as Hackney Bentley Road Walkthrough Site (0.59km) and pharmacies like Allen Pharmacy (0.78km). Fitness enthusiasts can enjoy nearby gyms like Kinetic Fitness (0.49km) and More Yoga (0.9km), while the close proximity of Newington Green (0.38km) and Saint Pauls Shrubbery (0.81km) offers serene green spaces for leisure and recreation.
Boasting a prime location and an array of amenities, this charming flat represents an exceptional opportunity to embrace the vibrant lifestyle of Hackney N16. Dont miss the chance to make this inviting property your new home or investment venture.
This leasehold property is chain-free, making it an excellent opportunity for first-time buyers or buy-to-let investors.
Guide Price - 295,000 - 320,000
This property is offered with a lease of 90 years left
Service Charge - 1,800.00 Per Annum
Council Tax Band B - 1,529.51 (Annual Council Tax)
EPC rating C
Dont miss out on the opportunity to secure this exceptional property in a prime location. Embrace the chance to own a piece of Hackneys thriving community.
Arrange a viewing today and envision the possibilities that await in this charming and well-connected neighbourhood.
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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