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£600,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 600,000 - 625,000 Elms Estates are delighted to be able to offer to the market For Sale this Beautifully Presented Two Bedroom Apartment situated in Hackney Wick.
Wick Lane is superbly located with Victoria Park and Westfield Stratford just a short walk away while also having the trendy Hackney Wick close by. There are excellent transport links making your commute into the city effortless, with great independent pubs, cafes and restaurants all within a short walk.
Internally the property is bright and spacious throughout with a large open-plan reception/dining/kitchen area which also gives you access to the balcony overlooking the well-maintained communal gardens, two double bedrooms with bedroom one benefiting from built in storage and lastly, a recently renovated family bathroom. The apartment is finished to a high standard throughout and offers an abundance of storage and natural light.
For more information or to schedule a viewing, please contact our team of Property Consultants who can arrange a visit for you at your earliest convenience.
Reception/Kitchen/Dining - 9.5 x 7.3 (312' x 2311') -
Balcony -
Bedroom One - 4.8 x 4.4 (158' x 145') -
Bedroom Two - 3.8 x 3.3 (125' x 109') -
Bathroom -
Material Information - Tenure: Leasehold
Length Of Lease: Approx 105 Years remaining
Annual Ground Rent 250.00 Per year
Annual Service Charge: 4,017.68 Per year
Council Tax Band: D
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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