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£1,750,000
Bedrooms
Element Properties & Co. are proud to present this INVESTMENT OPPORTUNITY; comprising of a freehold block consisting of 5 x 1 bedroom apartments, finished to a very high standard.
Boasting a total of 214 SQM of internal apartment space (excluding communal areas), the conversion has two apartments on the ground and again on the first floor, with a penthouse on the second floor.
The apartments are all finished to the same high standard and offer kitchen/reception areas alongside a spacious bedroom to note, some of the units also have the added benefit of outside space.
The current rent roll is 116,100 per annum presenting a strong yield for the area.
There is also scope for the rents to increase as the most recent apartment rented for 2050 per calendar month in Jan 2025.
A full rent roll and expected rate can be sent across upon request.
Footprint:
Flat 4 - 38 SQM
Flat 5 - 41 SQM
Flat 8 - 38 SQM
Flat 9 - 47 SQM
Flat 12 - 48 SQM
Situated in a tucked away mews in the very heart of Dalston this block of apartments is located only 0.3 miles away from Dalston Kingsland (Overground Line) offering fantastic links to Highbury & Islington (Victoria Line), Liverpool Street (Various Lines) and to Stratford (Various Lines).
Connections throughout East & Central London are within easy reach and the development is ideally located in the bustle of Hackney being in close proximity to a variety of shops, cafes, restaurants, bars on Kingsland Road, Stoke Newington Church Street and the general Hackney area.
The site is offered as a freehold block with the tenants currently in situ.
Further details can be provided upon application.
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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