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£1,200,000
Bedrooms
Bathrooms
Four Bedroom Home | 1538 Sq. Ft | No Chain | South Facing Garden
This wonderful terraced home is placed on a quiet residential street within just a short walk of both Stoke Newington and Dalston , both boasting a popular offering of local amenities , restaurants and local schools in addition to being within easy reach of transport links taking you into The City & West End.
The property benefits from a charming entrance hallway, leading to a generously sized through lounge with bayed window and high ceilings, this is followed by a kitchen/diner which leads out onto a south-facing rear garden which captures all day sunshine and is currently laid as a patio but can also be landscaped as desired, back inside the property is both storage and the first of four bedrooms on the lower ground floor, with a further three bedrooms, a large family bathroom and additional WC over the remaining floors of the property which welcome an abundance of natural light.
Features - The property retains features such as cornicing to the hallway ceiling and fire openings to reception and bedrooms on the upper floors.
The property is offered with no onward chain.
Key Information - Freehold
1538 Sq. Ft
Council Tax - Hackney Council - Band
EPC Rating - 50 (D)
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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