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£900,000 Offers in excess of
Bedrooms
Bathrooms
A three double bedroom Victorian house boasting approx. 1462sqft positioned on a residential road yet moments away from both Hackney Downs and Hackney Central stations being offered to the market with no onward chain.
Walking down Marcon Place, you are greeted by a row of rare to market Victorian houses that boast grandness and charm. Stepping past the front patio garden and into the property, the inviting entrance hall leads you through to the double reception room where there is ample space to home a large sofa set and a dining area the ideal spot within the home to relax in the tranquillity that is Marcon Place. You will also find a generous kitchen and a bathroom on the ground floor. Some may consider reinventing the kitchen and dining area at the back of the home by exploring a side return or rear extension (STPP) to really maximise the space available. There is a large back garden which will allow the new owner to really unleash its potential.
On the first floor, there are three large double bedrooms with the master bedroom in particular inviting a plethora of natural light. There is a shower room on the first floor also and the new owner may consider a loft extension (STPP) to create additional bedroom and bathroom space.
The available home has been well cared for and will offer the new owner a blank canvas to create the home of their dreams. Offered with a freehold tenure and chain free status.
Marcon Place is enviably located close to the popular green spaces of London Fields and Hackney Downs Park which are simply perfect for leisurely walks, picnics and sports. There is an array of popular bars, restaurants, pubs, coffee shops and supermarkets close by on Mare Street, Broadway Market and in Dalston.
Both Hackney Downs and Hackney Central stations are just a stones throw away which offer swift and easy access into the city and beyond. In addition, there are a number of popular bus routes which line Dalston Lane, Amhurst Road and Pembury Road which allow easy transportation into a number of locations.
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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