Guide Price £475,000 - £500,000
Gracechurch Property Services are delighted to market this, larger than average, THREE BEDROOM period conversion, occupying the the entire top floor and part of the ground floor of this charming double fronted house.
Abbotsford Avenue is a bright and airy property whilst immensely characterful with high ceilings and large windows, whilst offering a charming west facing rear garden.
Only a short walk to ample amenities including excellent local schools, restaurants and bars on West Green Road and close by Green Lanes, along with the popular green spaces of Downhills Park, Lordship Park and Chestnuts Park.
Turnpike Lane Underground Station (Piccadilly Line Zone 3), Seven Sisters br/Underground Staion (Victoria Line) are all close by.
Added benefits include a 148 Year unexpired Lease, Loft Space with potential to extend (STPP), a Spacious Lounge and a Modern Kitchen/Diner.
This property would make a wonderful first home, whilst also suiting a growing family with close by schools.
Other Information...
Parking Arrangements: Street Parking
Vendors position: Actively Looking
Council Tax Band: B
Tenure: Leasehold - 148 Years Unexpired Term
Location of Boiler: Kitchen
Potential Rental Value: £1600 - £1650 PCM
Service Charge: £0
Ground Rent: £150 Per Annum
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 |
