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£800,000
Bedrooms
Element Properties & Co are proud to present this exceptional, two-bedroom property located over the top two floors of a period property located in Highbury.
Measuring in at just under 900 SQFT (83 SQM), this property is well proportioned with two double bedrooms and a shower room on the top floor. The floor below comprises of a good sized living room with a seperate kitchen that leads on to a sizeable private roof terrace.
You are not short of transport options with Arsenal Station (Piccadilly Line) only a short 0.2 mile walk which takes you to the West End and beyond. Drayton Park overground is an equally short walk (0.1 miles) and connects you to the City. The boutique shops of Highbury Barn are in close proximity and Upper Street is only a short bus ride away.
If youre looking for greenery; Gillespie Park is a hidden gem and youre not too far away from open spaces of Highbury Fields, Finsbury Park and Clissold Park.
The property is offered with no onward chain and a new lease of 125 years. The service charge is approx 1000 per annum and ground rent is 100 per annum.
Viewings are highly recommended.
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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