Gracechurch Property Services are delighted to market this beautifully renovated three-bedroom maisonette. Reculver Mews has been lovingly looked after by the current owners and is set on the ground and first floors, with its own entrance and features a gorgeous garden with patio.
Upon entering the property, the hallway leads to a downstairs lavatory, a cloakroom, a spacious kitchen/diner and a modern living room. The kitchen-diner is stylish with a tiled floor and white kitchen units with built-in appliances. The adjacent living room is well proportioned and opens to the landscaped garden with patio. The patio is covered with a transparent roof allowing for the light to enter but protecting from the elements, making it the ultimate entertainment space.
Modern stairs lead to the second floor to the three bedrooms and a spacious family bathroom. All bedrooms have large windows overlooking the garden, giving them a relaxing and airy feel. The bathroom is contemporary with neutral floor and wall tiles and features large built-in storage across the wall.
The property is not only well laid out, but has ample storage, including an extra storage unit under the stairs and a garden shed. There is also plenty of communal parking space.
Offered with no onward chain, this is a very special property that would make a wonderful first home or investment purchase.
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: Chain Free
Council Tax Band: C
Tenure: Leasehold - 95 Years
Service Charge: £982 per Year (£81.83 PCM)
Ground Rent: £10 per Year
Potential Rental Value: £1450 - £1500 PCM
Tenure : Leasehold
Silver Street (overground)
0.31 km
Edmonton Green (overground)
0.55 km
White Hart Lane (overground)
0.93 km
Bruce Grove (overground)
1.64 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 |
