The flat itself is on the 1st floor and consists of a good size lounge with modern, fitted open-plan kitchen. There's also a good size double bedroom with built-in wardrobes and full bathroom.
In addition, the flat boasts a huge private terrace that's perfect for entertaining and is reached via the patio door to the lounge
Viewings highly recommended
Tenure - Leasehold
Lease - Approx 182yr remaining
Service Charge / Ground Rent - Approx £2,220pa
The bright and airy lounge benefits from plenty of natural light via the floor to ceiling double glazed window and patio door. There's wood flooring and plenty of plug sockets (communal dish wired in)
The open-plan kitchen is separated from the lounge with tiled flooring. There's floor and wall mounted storage cupboards as well as integrated appliances that include a fridge/freezer, washer/dryer and oven with electric hobs and overhead extractor hood
The good size bedroom is carpeted and beenfits from floor to ceiling, built-in wardrobes as well as double glazed window
The full bathroom consists of a floating WC, sink, heated towel rail, tiled flooring and bath with overhead shower
The huge terrace spans the width of the whole flat and is accessed via the living room
Tenure : Leasehold
Council Tax Band : E
Limehouse (dlr)
0.08 km
Westferry (dlr)
0.52 km
Stepney Green (tube)
0.75 km
Shadwell (dlr)
0.81 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 |
