*Investment Buyers Only*
Gracechurch Property Services are delighted to offer this one bedroom flat, located on the second floor of this purpose built development of Mallard Court, Stocksfield Road E17.
Well located for easy access to Wood Street Station, Walthamstow Village and great coffee shops and breweries in the area, with a long lease of 152 years remaining, the property would make for a wonderful investment opportunity.
Currently let at £1300PCM and sold with incumbent tenants, Mallard Court offers an annual investment yield of 6.5% (based on the current asking price and annual rental income). Speak to our team to discuss rental options.
Other Information...
Vendors Position: Chain Free, offered with incumbent tenant
Council Tax Band: B (£1,690 p/yr)
Tenure: Leasehold 152 Years Remaining.
Rental Value: Currently Achieving £1300 PCM
Service Charge: £804.80 Per Annumn
Ground Rent: £150 Per Annum
Parking: Off streety communal
Services:
Mains water, electricity and drainage
Broadband coverage: Up to 1000Mbps Ultrafast Download Speed (Ofcom)
Mobile signal/coverage: EE, Three, 02 & Vodafone all available (Ofcom)
Tenure : Leasehold
Council Tax Band : B
Walthamstow Central (tube)
0.86 km
Snaresbrook (tube)
1.09 km
South Woodford (tube)
1.26 km
Leytonstone (tube)
1.41 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 |
