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£1,475,000
Bedrooms
Bathrooms
An incredibly spacious and well-presented five bedroom family home situated in a popular Clapton location, just moments away from Springfield Park.
Walking up to the available home you are greeted by grandness and charm and a large, well-maintained front garden all of which is situated on a residential road in a highly sought after area. Upon entering on the ground floor, there is a large entrance hallway which leads you into the open plan reception and dining room which is presented in excellent decorative order and invites a plethora of natural light through the large windows at the front of the property. This generous space allows plenty of opportunity to socialise and entertain guests or simply relax in the sanctuary that is Lingwood Road. The kitchen is presented to a particularly high specification with ample storage space and fitted appliances making the perfect home for all of your cooking needs. Leading out from the kitchen there is a generous and tranquil private south-west facing garden. As you head towards the stairs for the first floor, there is a separate w/c and eaves storage underneath the staircase.
On the first floor, there are four bedrooms in total including the well-proportioned master bedroom which is fitted with an en-suite shower room. There is also a modern bathroom on this floor.
Heading up to the second floor there is a further double bedroom with a modern en-suite bathroom as well as a vast amount of storage potential.
Lingwood Road is within walking distance of local shops and amenities along Stoke Newington High Street as well as Stoke Newington Church Street with its boutique shops, restaurants, cafes, pubs and Clissold and Abney Parks. The local amenities of Stamford Hill are close by and trendy Dalston and up and coming Clapton are also within easy reach.
There are excellent transport links including numerous local bus routes into the City and West End, Clapton and Stoke Newington Stations provide easy access into Liverpool Street and Seven Sisters for the Victoria Line.
For recreation Springfield Park, with its free tennis courts is moments away and can be seen from the available home. Further green space at Walthamstow Wetlands and Hackney Marshes are a short distance away. Lea Valley nature reserve is nearby and the canal offers a lively array of activities based out of Springfield Marina, including a rowing club, a canal-side cafe and numerous other water sports.
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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