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£650,000 Guide Price
Bedrooms
Bathrooms
Guide Price 650,000 - 675,000 Elms Estates are delighted to be able to offer to the market for sale this beautifully presented Four Bedroom Town House arranged over four floors and offered to the market on a chain free basis.
Alphabet Square is situated within a peaceful, secure gated development that is Conveniently located with both Devons Road and Langdon Park DLR stations within a short walk as well as Bromley-By-Bow Tube Station. The property is also close to Chrisp Street Market with its many shops and restaurants as well as leisure facilities and public services close by.
Internally the property is spacious throughout with a large open plan reception/kitchen area situated on the lower ground floor. On the raised ground floor the property has a further reception area with a shower room while the two upper floors boast four double bedrooms with bedroom one and two both benefiting from balconies overlooking the canal. The property also has the advantage of an allocated parking space.
Alphabet Square really does offer a unique and rare property purchase. An early internal inspection is highly recommended in order to avoid disappointment.
For more information or to arrange a viewing please do not hesitate to call in and speak with one of our property consultants.
Reception Room - 3.96 x 2.62 (1211' x 87') -
Reception/ Dining Room/Kitchen - 8.13 x 3.66 (268' x 120') -
Shower Room -
Bedroom One - 3.99 x 3.58 (131' x 118') -
Balcony -
Bedroom Two - 3.58 x 2.49 (118' x 82') -
Bedroom Three - 3.58 x 2.01 (118' x 67') -
Bedroom Four - 3.58 x 1.98 (118' x 65') -
Bathroom -
Material Information - Tenure: Leasehold
Length Of Lease: Approx 962 Years remaining
Annual Ground Rent: 250.00 Per year
Annual Service Charge: Approx 4,041.00 Per Year
Council Tax Band: D
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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