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£775,000 Guide Price
Bedrooms
Bathrooms
2 double bedroom apartment with balcony on the 2nd floor of a modern development with 24 hour concierge and residents gym. TO BE PURCHASED AS A RENTAL INVESTMENT WITH TENANTS IN SITU
TO BE PURCHASED AS A RENTAL INVESTMENT WITH TENANTS IN SITU
Price Guide: 800,000 - 825,000
Set within a popular modern development with a range of amenities is this 2nd floor 2 double bedroom apartment.
Spread over 702 square feet, the property benefits from a bright open plan contemporary fitted kitchen to reception room with access to private balcony, 2 double bedrooms and a modern fitted bathroom.
The development is kept within exceptionally good order with 24 hour concierge, residents gymnasium, cinema, club lounge and landscape roof terrace.
Located just moments from Columbia Road Flower Market with Hoxton Square and Broadway Market close by as well as a number of shops, restaurants, bars and supermarket located on Hackney Road, Kingsland Road and Shoreditch High Street.
There are a number of transport links including Liverpoool Street and Old Street Stations which are a short walk as well as Hoxton and Shoreditch High Street Stations.
Leasehold: 994 years remaining
Service Charge 4,597.16
Ground Rent: 600 per annum
Council Tax: 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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