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284 High Road, Tottenham, London
£360,000
Bedrooms
Bathrooms
Reedham Close, one-bedroom ground floor purpose-built flat with sole use garden.
Spanning a generous 581 square feet, this ground-floor apartment offers a tranquil retreat in the heart of London.
Upon entering, you will find a well designed for both relaxation and productivity, the spacious reception room is perfect for entertaining, while the separate office can easily serve as an additional bedroomideal for professionals or couples. The modern bathroom and well-appointed kitchen enhance the overall appeal of this lovely home.
One of the standout features of this property, the private garden provides a peaceful outdoor escapeperfect for morning coffee, gardening, or unwinding after a long day. Additionally, the flat benefits from electric underfloor heating with smart control, ensuring a warm and inviting atmosphere throughout the year.
For added convenience, there is private storage located next to the front entrance, allowing for easy organisation of belongings. The block also offers the possibility of garage rental, subject to application approval.
The location is superb, with easy access to Tottenham Retail Park for all your shopping needs. Nature lovers will appreciate the proximity to Walthamstow Wetlands, a beautiful area for walks and outdoor activities. Furthermore, excellent transport links are available, with Tottenham Hale station providing access to the Victoria Line and British Rail services, as well as the Stansted Express for those travelling further afield.
This charming flat in Reedham Close presents an excellent opportunity for anyone looking to enjoy a comfortable lifestyle in a vibrant community.
Council Tax Band: B
EPC Rating: C
Agents note:
The management agent confirmed the following :
Lease: 125 years from 2nd September 1987
Ground rent: 10.00 Per year.
Service charge: 1579.00 Per year.
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.
284 High Road, Tottenham, London
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