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£535,000
Bedrooms
Bathrooms
Two Bedroom Apartment | 762 Sq. Ft | Chain Free | Private Balcony | Allocated Parking
Bathed in natural light, this spacious second floor floor apartment offers both spacious and well laid out living space throughout.
At 762 sq. ft, this two double bedroom flat is the perfect home. Set on the second floor of a popular award-winning contemporary development, the flat boasts; two spacious double bedrooms with ample built-in storage, a fully fitted bathroom, and a generous open-plan kitchen/living area thats flooded with natural light from the floor-to-ceiling south facing glass doors. There is storage and outdoor seating space at the entrance of the apartment, plus a sunny south-facing terrace to the front. Additional benefits include; one allocated parking space, secure fob entry, lift access to all floors.
Raines Court is perfectly located for short walks to the eclectic mix of independent shops, bars and restaurants along Church Street and Stoke Newington High Street, and is also within easy reach of Abney Park Cemetery and the award-winning Clissold Park. Trips into the City and Central London are easy, with the many bus links that run along both Northwold Road and Rectory Road easily accessible. Stoke Newington Station (Overground) is just around the corner and offers direct links into London Liverpool Street and onto the Victoria Line. Stoke Newington Common is a wonderful green space and just a stones throw away.
Key Information - Leasehold - 103 Years Remaining
762 Sq. Ft
Ground Rent - 0
Service Charge - 145.96 p/m
EPC Rating - B/81
Council Tax - Hackney - Band D
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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