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£650,000
Bedrooms
Bathrooms
This 2-bedroom ground floor apartment on Gifford Street, Islington presents an excellent opportunity for buyers looking for a well presented and spacious property. In excellent condition throughout, it offers great potential for first-time buyers or investors seeking to invest in this desirable location.
The propertys layout includes a generously-sized lounge diner opening onto an inviting patio space, a separate kitchen, two well-proportioned bedrooms, one with a shower room and additional outside patio space, and a family bathroom. The apartment also benefits from a secure underground parking space, a valuable asset in this central location.
Located in the heart of Islington, youre just a stones throw away from Kings Cross St. Pancras (10 minutes walk) and Angel (12 minutes walk) stations, providing excellent transport links across London. The vibrant amenities of Upper Street are within easy reach, offering an array of restaurants, shops, and entertainment options, while the Regents Canal provides a peaceful retreat for walks.
Available with vacant possession, this apartment offers a blank canvas for creative buyers to transform into their ideal home. The combination of generous proportions, parking, and prime location make this a rare opportunity in the current market we strongly recommend viewing to appreciate the potential on offer.
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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