A well-proportioned top-floor studio, arranged to give separation between living and sleeping space rather than a single open room. It comes to the market with no onward chain.
The entrance hall opens into a bright and spacious lounge, lit by a wide window overlooking the mature trees of Wilbury Way Open Space Wetlands. An archway leads through to the sleeping area with a built-in sliding-door wardrobe and its own window.
The galley kitchen is fitted with wood-fronted wall and base units, a gas hob, integrated double oven, extractor and stainless steel sink beneath a window. The bathroom is white-tiled with a panelled bath, shower over, pedestal basin, WC and wood-effect flooring.
Location and connectivity
Whitehead Close sits within walking distance of North Middlesex University Hospital and Silver Street station, which gives you a direct 25-minute service into Liverpool Street, and the 444 bus route runs close by. Fore Street provides day-to-day shopping, supermarkets, cafés and services, while the A10 Great Cambridge Road and A406 North Circular are both within easy reach for drivers.
Other Information:
Parking Arrangements: Residents & visitor parking
Vendors position: Chain free
Council Tax Band: B (£1,763.74 p/yr) - Single person discount applicable
Tenure: Leasehold 135 years remaining
Service Charge: £88.81 Per Month (includes building insurance)
Ground Rent: £150 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: Electric room & storage heaters
Gas: A gas supply is running to the property which is currently capped
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 (AML)
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 : B
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 |