Gracechurch Property Services are delighted to introduce this TWO BEDROOM Apartment situated on the FIRST FLOOR of this modern development within Tottenham N17.
This bright and airy property is within close proximity to Turnpike Lane (0.7 miles) and Wood Green (0.8 miles) tube stations, with shops, bars and restaurants close by.
Added benefits include a Private Balcony providing far reaching views, Allocated Parking Space and Gas Central Heating.
If local schools are a priority, The Roundway is close to 'Outstanding' Ofsted rated schools including The Brook School ( 0.4 miles), Belmont Junior School (0.4 miles) and The Willow Primary School (0.5 miles).Other Information...
Parking Arrangements: Allocated Parking Space
Vendors position: Actively Looking
Council Tax Band: D
Tenure: Leasehold 84 Years Remaining ((Quote of £6000 to renew)
Location of Boiler: Kitchen
Age of Construction: 2004
Potential Rental Value: £1350 - £1400 PCM
Service Charge & Ground Rent: £116 Per Month
Tenure : Leasehold
Turnpike Lane (tube)
0.72 km
Wood Green (tube)
0.75 km
Bruce Grove (overground)
1.01 km
White Hart Lane (overground)
1.03 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 |
