Gracechurch Property Services are delighted to market this beautifully presented three-bedroom maisonette located in Folkstone Road, Edmonton N18. The property has been lovingly looked after by the current owners and is set on the second and third floors of the development, with a private terrace.
The property benefits from a spacious L-shaped living/dining room with access to the terrace via the patio doors. The kitchen is complete with modern units and overlooks the private terrace area.
Location
The property is less than 7 minutes walk to Silver Street overground station (0.4 miles) with regular trains going to Liverpool Street. Nearby Fore Street and the A406 North Circular offer excellent transport links with bus connections to Central London and North London areas.
Fore Street (3 minutes walk) features a local pharmacy, a supermarket, convenience stores and restaurants. Edmonton Green Shopping Centre (0.6 miles) with supermarkets, post-office, banks, a market as well as the gym, is within a 15 minutes walk or short bus journey.
Other Information
Parking Arrangements: Communal Resident Parking
Vendors position: Actively Looking
Council Tax Band: C
Tenure: Leasehold - 93 Years
Service Charge: £982 per Year (£81.83 PCM)
Ground Rent: £10 per Year
Potential Rental Value: £1450 - £1500 PCM
Silver Street ()
0.28 km
Edmonton Green ()
0.52 km
White Hart Lane ()
0.93 km
Bruce Grove ()
1.65 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 |
