Gracechurch Property Services are delighted to market for sale this spacious TWO BEDROOM, Split-Level, Maisonette in a prime location of Upper Edmonton N18, close to amenities and transport links.
The property occupies both the first and second floors and benefits from a private entry directly to the apartment, along with a large outdoor east-facing terrace area for entertaining, bbq's and the warm summer evenings.
Empire Parade provides excellent transport options, with the A10 Great Cambridge Road and the A406 North Circular both a short distance of the property. Silver Street and White Hart Lane Stations are within easy reach, along with good bus connections on your doorstep, making it simple to travel to Turnpike Lane and Wood Green Tube Stations and links throughout Central London and the surrounding districts.
Added benefits include a NEWLY EXTENDED LEASE provided by the Seller upon completion, double glazing and gas central heating throughout, and is offered with no onward chain.
This maisonette would make a wonderful first home, whilst also suiting a growing family with close by schools, or as an investment purchase.
Other Information...
Parking Arrangements: Street Parking (no permit)
Vendors position: Chain Free
Council Tax Band: C (£1,637 p/yr)
Tenure: Leasehold (New Lease of 999 years on Completion)
Location of Boiler: Kitchen
Potential Rental Value: £1400 PCM
Service Charge: £0
Ground Rent: £100
Tenure : Leasehold
Council Tax Band : C
White Hart Lane (overground)
0.70 km
Silver Street (overground)
0.91 km
Bruce Grove (overground)
1.23 km
Wood Green (tube)
1.28 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 |
