INVESTORS ONLY - PROPERTY TO BE SOLD WITH TENANT IN SITU
Talbies are pleased to present this purpose built, 2 double bedroom maisonette in the ever-popular Dorset Mews
Situated within a beautifully quiet development, yet still just a stones throw away from the shops, restaurants and supermarkets (including Tesco) of the High Road. In addition, Finchley Central tube station is a mere 5mins walk. Making this a great location for professionals
The flat itself boasts a lounge, semi open-plan kitchen, large bathroom and 2 good size double bedrooms - one of which is an open-mezzanine style over the living room. There's also an abundance of storage available with large cupboards in both the hall and landing, as well as the bathroom.
Tenure: Share of Freehold
Underlying lease: Approx 100yrs remaining
Service Charge: Approx. £1,000pa
Current rental income of £1,350pcm (£16,200pa)
Viewings highly recommended for this rarely available opportunity. Ideal for those looking for an immediate rental return upon completion
Living Room 15'5 x 13'9 ft (4.7m x 4.19m m)
The cosy living room benefits from laminate flooring and double glazed windows. As well as electric storage heaters
Kitchen 7'10 x 5'6 ft (2.39m x 1.68m m)
The semi open-plan kitchen consists of ample floor and wall mounted storage cupboards. There's a large integrated fridge / freezer and an oven with electric hobs and overhead extractor hood
Master Bedroom 13'9 x 8'10 ft (4.19m x 2.69m m)
The master bedroom is a good size and boasts large, built-in wardrobes
Bathroom
The large bathroom consists of a WC, sink and bath with overhead shower attachment. The washing machine and dryer are also situated here. Along with large amount of storage space within the eaves
Bedroom 2 10'6 x 10'2 ft (3.2m x 3.1m m)
The 2nd bedroom is also a very good size and benefits with built-in wardrobes. This room has the unique feature of being on a mezzanine level overlooking the living room below. There's also a velux double glazed window
Tenure : Share of Freehold
Finchley Central (tube)
0.21 km
West Finchley (tube)
0.45 km
Mill Hill East (tube)
0.76 km
Woodside Park (tube)
1.04 km
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
