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£1,195,000
Bedrooms
Bathrooms
A three double bedroom home arranged over two levels and presented immaculately throughout benefitting from a large rear garden and two car driveway nestled in a residential cul-de-sac in the heart of London Fields.
Located at the end of terrace, this rare to market purpose built house enjoys a driveway with enough room for two cars but the new owner does have the opportunity to build in bike storage or perhaps even an additional space to socialise.
The ground floor homes a large reception room and separate kitchen which has ample storage space and modern appliances fitted. There is plenty of space in the kitchen or the living area to place a large dining table creating a wonderful setting to entertain guests and enjoy a dinner party or just a peaceful spot within the property to enjoy an evening meal. The living area leads you out to the sunny and wider than average, east facing garden which presents beautifully with the patio being the perfect area to enjoy a summer barbecue. There is a side entrance at the front of the property which offers direct access out to the garden.
On the first floor, there are three double bedrooms all in good decorative order all of which have built-in wardrobes. There is a modern, tiled family bathroom also.
Mapledene Road is enviably located on one of the most well regarded areas of London Fields. London Fields and its popular lido are just a short walk away along with Broadway Market which hosts the much loved Sunday market and really does offer something for everybody whether that be bars, restaurants, coffee shops or independent retail outlets.
There are an array of good to outstanding Ofsted rated primary and secondary schools nearby and transport links range from London Fields, Dalston Junction and Haggerston train stations along with numerous bus links with swift access into the city and beyond which line Queensbridge Road and Mare Street.
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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