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£280,000
Bedrooms
Bathrooms
Reception
Introducing this exceptional 1-bedroom apartment in the heart of Barking, IG11. This stunning residential property is now available for sale, offering a perfect blend of modern living and convenience. Finished to an excellent standard, this apartment boasts a spacious bedroom, a contemporary bathroom, and a stylish open-plan kitchen and living area, providing the ideal space for comfortable living.
Conveniently located close to transport links, including the Creekmouth, Longreach Road bus stop (0.37km), this apartment provides easy access to various amenities and attractions. For families, the property is within close proximity to several popular primary schools, such as Riverside School (0.3km), George Carey Church of England Primary School (0.35km), and Thames View Infants School (0.62km), ensuring quality education for young ones.
Furthermore, residents will enjoy the convenience of nearby supermarkets, including Food (0.3km), S A Wholesale (0.5km), and Quality Food Store (0.75km), making grocery shopping a breeze. For dining and entertainment, 6Burgerz Barking (0.35km), Delish Divine Caribbean Takeaway (0.36km), and Mallys Kitchen (0.43km) offer a variety of culinary experiences just a short walk away.
In addition to its great location, this apartment comes with the advantage of a long lease remaining, providing peace of mind for prospective buyers. With easy access to healthcare facilities, fitness clubs, shopping centers, and recreational areas, this property offers a well-rounded lifestyle for its residents. Whether its a leisurely stroll in Patrick Park (0.05km) or a visit to the Thamesmere Leisure Centre (1.63km), theres something for everyone in this vibrant area.
Dont miss out on this exceptional opportunity to own a property in a prosperous and dynamic neighbourhood. Embrace the convenience and modern living offered by this apartment, and make it your new home sweet home.
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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