**************CENTRAL QUEENSWAY**************
alexandra park is pleased to offer this two bed first floor apartment in this Central Location of Queensway within walking distance to the Central Line Underground Station. The property comprises: lounge, kitchen, bathroom, gas central heating, lifts & day porter service. 150 years approx Lease remaining. £4500 per annum Service Charge including hot water & heating. No chain. IDEAL INVESTMENT PURCHASE
**************CENTRAL QUEENSWAY**************
communal entrance
stairs to first floor
entrance
hardwood door to:
hallway
entry phone system, wood effect laminate flooring, storage cupboard
lounge
18' 6" x 10' 5" (5.64m x 3.18m) hardwood rear aspect single glazed window, wood effect laminate flooring, radiator
kitchen
12' 9" x 4' 6" (3.89m x 1.37m) kitchen comprising: range of wall units with matching base units with laminated worktops, inset stainless steel single bowl single drainer sink unit with mixer taps, built in oven with extractor over, space & plumbing for washing machine & fridge freezer, fully tiled walls, tiled floor, hardwood rear aspect glazed window
bedroom 1
12' 10" x 9' 4" (3.91m x 2.84m) to front of wardrobe; hardwood rear aspect single glazed window, built in wardrobe, wood effect laminate flooring, radiator
bedroom 2
13' 3" x 5' 6" (4.04m x 1.68m) hardwood rear aspect single glazed window, wood effect laminate flooring, radiator
bathroom
white suite comprising: panelled bath with shower/filler mixer taps, vanity wash hand basin, low level coupled wc, tiled walls, tiled floor
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 |
