Gracechurch Property Services are delighted to market this beautifully presented TWO BEDROOM apartment.
Burrows Chase has been lovingly looked after by the current owners and is set on the first floor of this modern development.
This bright and spacious home is located within the ever-popular Meridian Park, on the outskirts of the historic Waltham Abbey town centre, and within close proximity to Waltham Cross Railway (1.4 mi) and a short journey to both Chingford and Loughton.
The peaceful Gunpowder Park is right on your doorstep, providing the ideal venue for walkers, cyclists and the family dog, with the weekly 5k Park Run also taking place every Saturday morning.
Added benefits include an allocated car port, along with visitor parking, a large family bathroom, an en-suite to the master bedroom, and a long lease of over 975 years.
This apartment would make a wonderful first home, whilst also suiting somebody looking to downsize.
Other Information...
Parking Arrangements: Allocated Car Port with Visitor Parking
Vendor's position: Suited (Chain Free)
Council Tax Band: D (£2,186 p/yr) - Single person discount applicable
Tenure: Leasehold 977 years remaining
Location of Boiler: Hallway Cupboard
Age of Construction: 1999
Service Charge: £154 Per Month (includes building insurance)
Ground Rent: £25 Per Year
Utilities
Water: Mains water connected to the property
Electricity: Property connected to mains electricity
Drainage: Mains & Surface water drainage connected to the property
Heating: Electric Room heaters and Economy 7
Windows: UPVC double-glazing
Mobile coverage: Voice & Data likely - We recommend buyers check Ofcom checker
Broadband (estimated download speeds): Superfast 53 Mbps
Tenure : Leasehold
Council Tax Band : D
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 |
