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£250,000 Offers in excess of
Bedrooms
Bathrooms
Lanes are delighted to market this lovely second floor one bedroom flat located on Medesenge Way, Palmers Green. The key benefits include parking, 900+ year lease remaining, laminate floors throughout and a spacious 20ft lounge.
The flat has been thoughtfully refurbished throughout, featuring a newly fitted kitchen that is both stylish and functional with integrated appliances, as well as a contemporary shower room that enhances the overall appeal of the property.
The property boasts ample storage options, including convenient storage cupboards and a loft space, ensuring that you have plenty of room for your belongings. uPVC double-glazed windows throughout, which not only enhance energy efficiency but also contribute to a peaceful living environment. Additionally, new storage heaters have been installed, providing warmth and comfort during the cooler months.
Located between Palmers Green Station and Wood Green Station, as well as excellent bus routes and a short walk to Green Lanes shops and many amenities.
Hallway - Laminate floors, storage heater, spotlights, storage cupboard, airing cupboard, loft hatch, intercom, doors to all rooms.
Lounge - 6.15m x 3.18m (202' x 105') - uPVC double glazed bay windows to front aspect, laminate floors, storage heaters x2, spotlights. Open to Kitchen.
Kitchen - 1.75m x 2.24m (59' x 74') - uPVC double glazed window to front aspect, laminate floors, single electric oven, electric hob, extractor hood, stainless steel sink with mixer tap, integrated washing machine, fridge freezer and microwave. Base level and eye level units.
Bedroom - 3.05m x 2.54m (100' x 84') - uPVC double glazed windows to rear aspect, laminate floors, storage heater.
Shower Room - 1.83m x 1.88m (60' x 62') - Tiled floors, part tiled walls, shower cubicle with sliding door, vanity hand basin with mixer tap, low level concealed w.c, spotlights, heated towel rail.
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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