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£185,000 Guide Price
Bedrooms
Bathrooms
Council tax band: A
FANTASTIC 1 BEDROOM FLAT
BARKING STATION APPROXIAMATE 12 MINS
MANY SHOPS/CAFE IN THE AREA
GREAT CONNECTION TO CITY
HIGH POTENTIAL FOR INVESTMENT
HIGH YIELD RETURN FROM RENTING
Summary
Prime Land Property is pleased to offer this well located 1 bedroom flat + Separate Lounge in Barking, East London.
PROPERTY INTERNAL FEATURES
ENTRANCE: Entrance through communal balcony/landing and door opens to hallway with laminate flooring/carpet, a radiator and access to:
WC, with tiled flooring and a small window
KITCHEN, with tiled flooring, combined boiler, good sized window and
electric. extractor fan
LOUNGE, large lounge room with carpet flooring, large window,
a large radiator and a storage closet
BEDROOM, double room with carpet flooring, large window and
a radiator
BATHROOM, with tiled flooring, basin, bath, window and an electric.
extractor fan
Ideal for anyone looking for a good investment opportunity.
Easy access to the bus stop, tube stations, schools and shops means that this location is in prime position with easy commute to The City, and all around London.
Tube stations Barking 12-minute away in addition as well as multiple bus routes.
Location
The property is situated in Barking, East London. The following are only a short walk from the property;
Barking Station 12 Mins Away
Central London 30 Mins
Next to Schools (Primary & Secondary)
Close to Supermarkets
Bus Route only 3 min
Shops and Restaurants within short walking distance
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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