Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£1,250,000
Bedrooms
Bathrooms
'''NEWLY RENOVATED''' An exceptionally rare opportunity to purchase a charming three-bedroom home nestled in the highly coveted Jesus Green Hospital Estate. This unique property, a cornerstone of the local community for nearly two centuries, is on the market for the first time in over 25 years. Originally a bakery, it boasts original bake ovens still on display in the basement, preserving its rich history.
The current owners undertook a complete renovation in the 1990s, enhancing the property while retaining its character. Spanning three floors, The Bakery generally offers a larger footprint than its neighbours, featuring three spacious bedrooms, two modern bathrooms as well as large kitchen/reception featuring wooden flooring and a corner aspect with plenty of windows allowing an abundance of natural light to beam in as well as a picturesque view along Quilter Street.
Once serving as the headquarters for the Liberal Party in the East End of London and later a betting shop, The Bakery is featured in the local history book 'Watercress but no sandwiches: 300 years of the Columbia Road area' and has made appearances in Mike Leighs acclaimed film 'Secrets & Lies,' along with various TV commercials.
Outside, the private garden is secluded with a south-west facing aspect, complete with direct road access-perfect for bikes! A mature fig tree provides a picturesque spot for a hammock, ideal for lazy summer evenings. Families will appreciate the close proximity to Columbia Road Primary School, just a five-minute walk away including a vibrant flower market on a Sunday, as well as the nearby Hackney City Farm nearby. Shoreditch & The City are also within walking distance.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
