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£950,000
Bedrooms
Bathrooms
The home enjoys a share of freehold with a long underlying lease, offering peace of mind and long-term value. Inside, the property is thoughtfully arranged across two levels: the master bedroom on the ground floor features striking high ceilings and large windows that flood the space with natural light, while the open-plan kitchen and living area to the rear flows seamlessly into the garden, ideal for indoor-outdoor living and entertaining, all set within a tranquil space on a quiet road.
Downstairs, a second generous double bedroom with ample built in storage, offers flexibility for additional accommodation for guests, a childs room, or an additional workspace, while the modern, fully tiled bathroom is finished to a high standard.
The expansive, almost 70-foot garden is a true standout and is beautifully maintained and private, it includes a purpose-built home office / studio, ideal for remote working, creative pursuits, or a peaceful retreat.
Situated on Richmond Road, this home enjoys an enviable position just a short stroll from London Fields Park, the Lido, and the vibrant Broadway Market, known for its independent shops, award winning cafes, and lively weekend food stalls. Hackney Central and Hackney Downs Overground stations are within easy walking distance, providing swift access to the City, Stratford, and beyond. Close to London Fields station, with direct trains to Liverpool Street and the City.
The area is renowned for its strong sense of community, excellent schools, and diverse food and cultural scene. Green spaces abound, with Victoria Park and Regents Canal also within easy reach, making this one of East Londons most sought after neighborhoods for both professionals and families.
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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