A rare and unique opportunity comes with the option to own two homes attached to each other, benefiting from a marital value in a central location of Edmonton Green N9.
Currently arranged as one family home and 2 divided units with added potential or convert (subject to planning) to an investment as either residential or commercial units.
The larger than average Victorian Homes located on Church Street are less than a two-minute walk to Edmonton Green Railway Station. The Overground Train will whisk you into London Liverpool Street in under 30 minutes. The heart of Edmonton Green is on your doorstep with the Shopping Centre which offers over 120 shops, cafes and a vibrant indoor market.
Church Street have the added benefits of BASEMENT STORAGE to both properties, three reception rooms in both dwellings, along with ground floor w/c's, first floor bathrooms and terraced gardens offering OFF STREET PARKING to the rear.
This opportunity property provides multiple possibilities to convert to multiple dwellings, business premises for offices for a solicitor, accountant, doctors or dentist practice, whilst also having the option of creating two wonderful and spacious family homes.
Other Information...
Vendors Position: Has found ongoing purchase
Parking Arrangements: Off Street Parking to rear
Council Tax Band: C (£1,637 p/yr) (both)
Tenure: Freehold
Location of Boiler: Bedroom & Ground Floor w/c
Tenure : Freehold
Council Tax Band : C
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 |
