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£1,275,000
Bedrooms
Bathrooms
Situated on a great residential road moments away from the desired Millfields park. This home offers a sense of warmth and character whilst being positioned in a well sought after and well respected Clapton location. This home has the potential for the buyer to really add their own stamp and make it their own.
The exterior of the home is really quite impressive. You enter through the front door accessed via the front garden. The entrance takes you through to a spacious hallway which leads on to the large double reception room which has maintained some beautiful original features such as two fireplaces, cornicing and ceiling rose. This also benefits from immediate access to the conservatory in which the current owners use this as a place to relax during the warmer months and as a greenhouse throughout the year. Further down the hallway where you enter takes you to the door which allows access to the basement of this property which is currently used as a storage space but has a lot of potential. You then head down a few steps to the large kitchen which also allows access to the conservatory and from there to the private garden. Heading up the stairs to the first floor of the property you are met with a spacious bedroom which benefits from a plethora of natural light and ample space for furniture. You are then met with a family bathroom, 2 more double bedrooms and a single bedroom which could be a great home office.
This property is an amazing space and has an untold amount of potential to really make it your own.
Mildenhall Road is one of the most desirable roads in the Clapton area as it is a quiet road which in located close to Millfields Park, Lower Clapton Road and all of the amenities it offers. This home is also less than 0.5km away and therefore in the catchment area for many primary and secondary schools such as Rushmore Primary School, Millfields Community School & Clapton Girls Academy in which are all Ofsted rated good & outstanding.
There are excellent transport links into the City and West End and Clapton Station, which is a short walk away, provides a fast and frequent service into Liverpool Street. There are numerous local bus routes as well as easy access to London City Airport, Stratford and Shoreditch.
Agents Notes:
Council Tax Band: E
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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