This spacious property has been refurbished throughout to an extremely high standard. Boasting a brand new, open-plan modern kitchen with built-in appliances and a versatile pull out breakfast bar. A double bedroom with feature hanging lights and built-in wardrobes with mirrored sliding doors. There's good size living room with large double glazed windows and rear door. Plus a beautiful, fully tiled wet room / shower room that includes dual shower heads (hand held and rainfall style), a modern black framed shower screen and matching black fixtures.
Other touches and benefits include spot lights throughout with "touch light" switches, double glazed windows, resident only car park, vertical wall radiators and USB plug sockets in the bedroom.
In terms of location, Bounds Green tube (Zone 3) is only 5mins walk away; or if rail was required, Bowes Park station is only 7mins walk. Shops are even closer, with a Tesco Express and other amenities at the end of the road. There's also a local park just opposite and several buses that can take you to the abundance of shoppings facilities in Wood Green
This is a great property for a 1st time buyer looking to get onto the ladder or buy-to-let investor
Viewings highly recommended
Lease - Approx. 108yrs remaining
Service Charge = £1,462pa (includes buildings insurance and ground rent)
Rental Income = Approx. £1,200pcm
Tenure : Leasehold
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 |