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£700,000
Bedrooms
Bathrooms
This stunning 750 sq. ft. two-and-a-half bedroom apartment blends elegant design with original period charm and comes with a share of freehold. Rich in character, it features wooden floors, high ceilings, a grand fireplace, and beautiful arched sash windows throughout.
Occupying the first floor of a handsome mid-terraced home on sought-after Clissold Crescent, the property is bathed in natural light. It offers two spacious double bedrooms overlooking tranquil rear gardens, along with a versatile half-bedroom ideal as a home office or nursery. The bathroom is sleek and contemporary, while the open-plan living area is thoughtfully designed with high-spec finishes and a smart layout thats perfect for cooking, dining and entertaining.
Additional benefits include a long underlying lease and the advantage of being sold chain-free.
Set on one of Stoke Newingtons most desirable streets, Clissold Crescent has a strong sense of community and sits just moments from the lush green spaces of award-winning Clissold Park. Excellent transport links are within easy reach via Albion Road and Green Lanes, and the vibrant shops and eateries of Newington Green are just a short stroll away. The property also falls within the catchment area of several outstanding nursery and primary schools a fantastic opportunity in a prime location.
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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