This one-bedroom ground-floor flat sits in Marnie Court, a modern development set back from Bury Street. A gated driveway leads to secure residents parking.
This home offers 497sqft of well-planned space with plenty of storage. The kitchen, dining and living room measures 18'1 x 11'5 and has two windows along one wall, so both the seating area and the kitchen get plenty of daylight. The living area has neutral carpet and room for a full sofa arrangement, with space for a dining table. The kitchen is fitted with light wood-effect wall and base units, dark speckled worktops and a white tiled splashback. The stainless steel sink sits beneath the window. There's space for a freestanding cooker, a fridge freezer and a washing machine, and the combination boiler is set neatly beside the wall units.
The double bedroom sits at the back of the flat, away from the front door, and measures 11'5 x 10'4 and has a built-in wardrobe. Glazed doors open straight onto the garden area, which is rare for a flat at this level, giving the room a bright, open feel and fresh air on warmer days.
The bathroom is finished in white tiling and fitted with a panelled bath, mixer tap, rail-mounted shower and glass screen. There is also a pedestal basin, a close-coupled WC and a chrome heated towel rail, and a frosted window lets in natural light and air.
The garden has a paved patio and room for a table and chairs; a lawn lies beyond it.
Location
Marnie Court is on Bury Street, close to the junction with the Great Cambridge Road. Bush Hill Park station is around half a mile away, and Edmonton Green is around 0.7 miles, and both offer Overground and National Rail services into Liverpool Street. Bus stops are on Bury Street itself. Edmonton Green Shopping Centre and Bury Lodge Gardens are within easy reach. Families will note that The Raglan Junior School and The Latymer School are both a short walk away. Drivers are moments from the A10, which gives quick access to the A406 North Circular, the M25 and central London.
Other Information
Parking Arrangements: Gated Residents & visitor parking
Vendors position: Actively looking
Council Tax Band: C (£2,015 p/yr) - Single person discount applicable
Tenure: Leasehold 120 years remaining
Service Charge: £214.82 Per Month (includes building insurance)
Ground Rent: £10 Per Annum
Utilities:
Water: Mains water connected to the property
Electricity: Property connected to mains electricity
Drainage: Mains & surface water drainage connected to the property
Heating: Gas Central Heating
Windows: Double-glazing
Mobile coverage: Voice & Data likely for all networks - We recommend buyers check the Ofcom checker
Broadband (estimated download speeds): Ultrafast 1000 Mbps
Anti-Money Laundering Checks
Regulations require us to conduct identity and AML checks and gather information about every buyers financial circumstances. These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. The rules are set by law and enforced by Trading Standards.
We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £40 (including VAT). This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. Its paid in advance via our onboarding system, Kotini, and is non-refundable.
Tenure : Leasehold
Council Tax Band : C
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 |
Get in Touch
info@gracechurch-property.co.uk
13 Empire Parade, Edmonton London N18 1AA
Company Register No: 8527796
Working Hours
Monday & Friday : 8:30 am - 6:00 pm
Tuesday to Thursday : 8:30 am - 6:30 pm
Saturday : 9:30 am - 3:00 pm
Sunday : Closed
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