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£1,650,000 Offers in excess of
Bedrooms
Bathrooms
The available home has not been on the market for sale for close to 50 years and has been incredibly well cared for by the current owners. The exterior of the property oozes grandness and charm where a spacious front garden and a choice of two entrances lead you into the property.
Currently laid out as a five bedroom property; on the ground floor you will find a reception room with striking high ceilings and a charming south facing bay window which invites a plethora of natural light. The second reception has been converted into a bedroom with the original conservatory serving as an ensuite shower room, followed by the kitchen / diner at the rear of the property is a wonderful family space which leads out to the garden. The garden will be a blank canvas for the new owner and will be the perfect setting to plant vegetables, enjoy family barbeques or simply relax in the tranquillity that is Mildenhall Road.
On the first floor you will find three double bedrooms including the master bedroom and a w/c and on the second floor you will find a further double bedroom and the family bathroom.
The lower ground floor of the property currently has two rooms one of which allows access into the garden and could be reinvented by the new owner to either add additional bedrooms or perhaps a large open plan kitchen and living area which others on the road have successfully done.
The available home enjoys the benefit of high ceilings, original cornicing, Victorian glass doors and a range of other original features.
Mildenhall Road is one of the most desirable roads in the Clapton area as it is a quiet road which is 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 and Clapton Girls Academy 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 and 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.
Map location is not available for this property.
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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