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644/646 Mile End Road, London
£375,000 Guide Price
Bedrooms
Bathrooms
Guide Price: 375,000 - 400,000
Welcome to this beautifully presented two-bedroom property, ideally situated within a secure gated development. Offering a perfect blend of comfort, convenience, and modern living, this home is ideal for first-time buyers and young professionals.
Step inside and youll find a bright and spacious layout, designed with both functionality and style in mind. The open-plan living area provides a warm and welcoming space to relax or entertain, while the well-appointed kitchen comes complete with contemporary fittings and plenty of storage.
Both bedrooms are generously sized, offering peaceful retreats at the end of the day, with ample natural light throughout. The property also benefits from a sleek family bathroom and additional storage solutions for everyday ease.
Outside, residents enjoy the added peace of mind that comes with gated entry, along with the convenience of an allocated car parking bay.
Located within easy reach of local amenities, shops, and cafs, everything you need is just moments away. Excellent transport links nearby make commuting or travelling further afield simple and stress-free.
Whether youre looking for a place to call home or a solid investment opportunity, this property ticks all the boxes.
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.
644/646 Mile End Road, London
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