Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£635,000
Bedrooms
Bathrooms
Reception
2-Bedroom Raised Ground Floor Flat in Prime Cloudesley Square Location
Nestled in the sought-after Stonefield Mansions, this two-bedroom raised ground-floor flat offers an excellent opportunity to create your dream home in one of Islingtons most desirable locations. Set within the picturesque Cloudesley Square, this period property boasts an abundance of natural light, generous proportions, and potential for modernisation.
Perfectly positioned for outstanding transport links, the property is within easy reach of Angel (Northern Line) and Highbury & Islington (Victoria Line & Overground) stations, ensuring swift connections across London. Kings Cross St Pancras is also nearby with its international rail links.
A wealth of local amenities is on your doorstep, from the independent boutiques and cafes of Upper Street to the vibrant restaurants, bars, and cultural hotspots that make Islington a desirable place to live. Nearby green spaces, including Barnard Park and Thornhill Square Gardens, offer tranquil retreats from city life.
Requiring updating, this property presents an exciting opportunity for buyers to put their stamp on a home in an unbeatable location. Whether youre an investor or a homeowner looking for a project, this flat promises fantastic potential in a highly sought-after setting.
Tenure: Leasehold
Lease Length: 985 Years (Circa)
Service Charge: 2,600 pa (Circa)
Ground Rent: Peppercorn
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
