3 bedroom apartment for sale

£550,000 Offers in excess of

3

Bedrooms

2

Bathrooms

Floorplan

This exceptional chain-free, split-level flat in a quiet, modern purpose-built block offers a unique, NY loft feel. As you step inside, youll be greeted by high ceilings and beautiful walnut hardwood flooring that flows through the entire space. The open-plan reception, dining room, and kitchen are spacious and filled with natural light, featuring an island with a breakfast bar that is perfect for entertaining. The home is neutrally decorated throughout and truly turn-key ready. For added convenience, theres a shower room and WC on the lower level.

Upstairs, youll find three generous double bedrooms. The master bedroom is a true sanctuary, with an en-suite shower room and spectacular views of the summer sunsets. The apartment has two private balconies to enjoy the sun throughout the day. The downstairs balcony, with its frosted glass for privacy, catches the morning and evening sun, while the upstairs balcony is perfect for midday and sunset views.

Nestled in a peaceful, friendly community just off High Road Leyton, this property is located away from the main road. The vibrant area has a strong grassroots atmosphere, featuring exciting local projects such as Brooks Farm and the Leyton Midland Collective. Additionally, new businesses are emerging under the nearby arches, including Leyton Calling, Swirl E10, Gravity Well, and the newly opened gelato store, Chunk Provisions. With Leyton Midland Road and Leyton stations just a short walk away, this apartment is a fantastic opportunity for anyone looking for a stylish, ready-to-move-in home in a vibrant part of London.

Shall we take a look?

Communal Entrance - Via communal door leading into:

Communal Hallway - Staircase to all floors & flat.

Entrance - Via flat entrance door leading into:

Entrance Hallway - Staircase leading to first floor. Door to open plan lounge/kitchen/diner

Open Plan Lounge/Diner/Kitchen - 8.64m x 6.83m (284 x 225) - Access to balcony one.

Shower Room - 2.44m x 1.07m (80 x 36) -

First Floor Landing - Door to all first floor rooms.

Bedroom One - 4.55m x 3.05m (1411 x 100) - Door to balcony two.

Bedroom Two - 4.04m x 3.05m (133 x 100) -

Bedroom Three - 3.78m x 2.51m (125 x 83) - Open to:

Ensuite - 2.36m x 1.50m (79 x 411) -

First Floor Bathroom - 2.36m x 2.11m (79 x 611) -

Balcony One - 4.29m x 2.31m (141 x 77) -

Balcony Two - 4.29m x 2.49m (141 x 82) -

Additional Information: - Lease Term: 125 years from and including 1 January 2019
Lease remaining: 119 years remaining.
Ground Rent: 400 per annum.
Service Charge: 1,200 per annum.
Local Authority: London Borough Of Waltham Forest
Council Tax Band: D

Disclaimer: - We endeavour to ensure that our sales particulars are as accurate and reliable as possible; however, they do not constitute or form part of any offer or contract and must not be relied upon as statements or representations of fact. All measurements are approximate and provided as a guide only. Any systems, services, or appliances referred to have not been tested by us, and we are therefore unable to verify or guarantee their working condition. All photographs, floorplans and video tours are provided for guidance only. Purchasers are advised that details relating to planning permissions, building regulations, and any works carried out at the property should be verified by their conveyancer or solicitor, as should the tenure and lease information (where applicable).



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 43950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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