Gracechurch Property Services are delighted to market this TWO BEDROOM, Victorian semi-detached home, located on the quiet residential street of Lawrence Road, Upper Edmonton N18.
Families are well served by local schools, amenities and Fore Street Shopping Area. The green spaces of Craig Park and Pymmes Park are close by, along with Silver Street Railway Station which provides easy access to London Liverpool Street in under 30 minutes.
Added benefits include two reception rooms, double glazing and en-suite to one of the double bedrooms.
This property would suit a first time buyer, property investor, or someone seeking a personal project for their own family home.
Other Information...
Vendors Position: Actively Looking
Parking Arrangements: Street Parking
Council Tax Band: D (£1,952 p/yr)
Tenure: Freehold
Windows: UPVC Double Glazed Windows
Potential Rental Value: £2000 PCM
Utilities
Water: Mains water connected to the property.
Electricity: Property connected to mains electricity
Drainage: Mains & Surface water drainage connected to the property.
Heating: Mains gas central heating
Windows: Double glazing
Mobile coverage: 4G & 5G avaialble (please check with your provider)
Broadband (estimated download speeds): Standard 15 Mbps| Superfast 80 Mbps | Ultrafast 1800 Mbps
Tenure : Freehold
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 |
