Gracechurch Property Services are delighted to market this beautifully presented ONE BEDROOM apartment.
Burrows Chase has been lovingly looked after by the current owners and is set on the top floor of this modern development, offering convenient loft access.
This bright and spacious property is located within the ever popular Meridian Park, on the outskirts of the historic Waltham Abbey town centre, with connections to Waltham Cross Railway (1.4 mi) and a short commute to both Chingford and Loughton.
Burrows Chase overlooks the peaceful Gunpowder Park, which provides the ideal venue for walkers, cyclists and the family dog, with the weekly 5k Park Run also taking place every Saturday morning.
This home also benefits from an allocated parking space, along with visitor parking, a large family bathroom and a long lease of over 975 years.
This apartment would make a wonderful first home or suit somebody looking to downsize or invest.
Other Information...
Parking Arrangements: Allocated Parking Space with Visitor Parking
Vendors position: Suited
Council Tax Band: C
Tenure: Leasehold 976 Years Remaining
Location of Boiler: Hallway Cupboard
Age of Construction: 1999
Potential Rental Value: £1150 PCM
Service Charge: £133 Per Month (includes building insurance)
Ground Rent: £25 Per Year
Tenure : Leasehold
Council Tax Band : C
Theobalds Grove (overground)
1.94 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 |
