For Sale - Stepney Green, Stepney, E1 - £419,000
This cozzy and warm three double bedroom flat has just come available on the market for sale. The property is conveniently located close to all transport links, close to major retailers as well as the local confectionaries, also close to Queen Mary University and Royal London Hospital. This property is ideal for investors as it is in close proximity of Queen Mary University or Royal London Hospital. The property consists of 3 double bedrooms, large lounge with access to the balcony, large kitchen with space for dining table, separate bathroom and WC. Viewings strongly recommended. Block viewing is held every 5th or 20th of the month between 6-8pm, to register your viewing slot please email us with your interest.
Example: Financial break down fo illustration purpose only, this is not an financial advice please conduct your own due diligence before purchasing any property.
Purchase price £419,000
Deal Sourcing fee 0%
Current Rental Income £1750 per calender month ( £21,000 PA)
Capital required at 75% LTV: Deposit £104,750
Legals £1,500
Stamp duty £5,950
Sourcing Fee £0,00
Total £112,200
Monthly Cost to consider: Mortgage @ 4% = £1,047 ( interest only)
Service Charge £105 ( £1260 PA Estimated)
Management Fee £0.00 ( rent on rent Gauranteed)
Total £1152 (£13,824 PA)
Monthy Cashflow After cost Rent to Landlord £1,750 - £1152 = £598 (£7178 PA)
Return on investment £7178
------------- x 100 = 6.39%
£112,200
Fully FurnishedFurnished
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.