5 bedroom detached for sale

£2,350,000

5

Bedrooms

3

Bathrooms

Floorplan

Introducing a grand Victorian freehold family home which has accommodation across four floors spanning over 2,800 sqft. The house features a blend of high ceilings that create a feeling of volume and space, great natural light, and an abundance of period charm.

The house is wider than the average Stoke Newington home and features off street parking which is also a rarity, flexible accommodation and an impressive 100 ft south-facing rear garden complete with pergola makes this home a must see for any family.

As you enter the raised ground floor you are greeted with a grand entrance hall filled with ornate cornicing which leads to the original double reception which has been transformed into a large semi open plan kitchen/dining area that has views over the rear garden. Benefiting from high ceilings, large bay window, juliette balcony and a marble fireplace.

There is a large dining room/study positioned on the lower half landing complete with a utility room and guest W.C- with direct access onto the huge garden.


A particular unique selling point of this fantastic family residence, is the well-proportioned, self-contained apartment with a separate entrance which is located on the lower floor. If desired this space, could quite easily be reinstated with the main house if required to create a remarkable family home.


The first floor incorporates the principal bedroom with bathroom suite and walk in wardrobe, a further large double bedroom with en suite, enjoying wonderful views over the garden with original fireplace and coving.

There is also a further double bedroom on this level with a fourth double bedroom positioned on the upper half landing.

Manor Road is perfectly positioned for quick trips across the Capital, with Stoke Newington Station (Overground) just a short walk away and offering direct links into London Liverpool Street and a short bus ride to Finsbury Park underground station (Victoria and Piccadilly line). The eclectic mix of independent shops, bars and restaurants along Church Street and the High Street are within easy reach. Abney Park Cemetery, the award-winning Clissold Park, and family-friendly Woodberry Wetlands are close by, too. This grand home is also in the catchment for outstanding local primary schools with an array of excellent nurseries nearby.


EPC Rating: D

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 2017200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 58750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 254700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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