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£269,995
Bedrooms
Bathrooms
A ground floor purpose built flat offering spacious accommodation consisting RECEPTION ROOM, 2 BEDROOMS, KITCHEN and BATHROOM.
Located within walking distance of Tottenham High Road for buses and nearby White Hart Lane Overground station, with a regular service into London Liverpool Street.
The property is being sold with a brand new lease.
Hallway
Laminate flooring, radiator, entry phone & thermostat
Reception 186 x112
UVPC double glazed window to rear, laminate flooring, 2 x radiators & serving hatch
Kitchen 88 x 81
Single stainless steel drainer unit with mixer tap, fitted wall & base units, stainless steel gas hob & built in electric oven, stainless steel extractor, plumbing fittings for washing machine, power points, tiled splash backs. wall mounted gas central heating boiler, tiled flooring & built in cupboard
Bedroom 1 157 x 99
Double glazed window to front, radiator power points, laminated flooring & wall mounted thermostat
Bedroom 2 116 x 72
Double glazed window to front, radiator power points, laminated flooring & wall mounted thermostat
Bathroom
Panel bath with shower attachment, electric wall mounted shower unit, pedestal wash hand basin, low flush WC, 3/4 tiled walls, electric towel rail & tiled flooring
Lease New Lease
Service Charge TBC
Ground Rent TBC
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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