Gracechurch Property Services are delighted to market this beautifully presented two-bedroom apartment located in Cunningham Avenue, Enfield EN3. The property has been lovingly looked after by the current owners and is set on the first floor of the development.
The property boasts a spacious living & dining room, a modern kitchen and a large family bathroom with oversized shower cubicle. Added benefits include a long lease in excess of 900 years and a garage en bloc.
Location
The property is located just off the Hertford Road, close to local amenties and transport routes as well as great road links to the A10 and M25
The apartment provides easy acees to multiple mainline stations including Enfield Lock (0.5 mi), Turkey Street (0.6 mi) and Waltham Cross (0.6 mi).
Other Information
Parking Arrangements: Garage & Communal Resident Parking
Vendors position: Actively Looking
Council Tax Band: C
Tenure: Leasehold - Approx 980 Years
Service Charge: £115 PCM
Ground Rent: £1 per Year (if billed)
Potential Rental Value: £1250 - £1300 PCM
Turkey Street ()
0.68 km
Theobalds Grove ()
1.07 km
Cheshunt ()
1.83 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 |
