Property type Flat
Number of bedrooms 2
Need to sell your property quickly, need assistance with finance (bridging loan/ Mortgage), if you have a legal matter (repossessions) why not give us a call us or email us and we can set up a consultation and assess your case further.
We have a 2 bedroom flat for sale in St John Wood
Property is significantly below market value, which makes it an ideal investment opportunity for an investor.
* 2 double bedrooms
* Great Location (strong rental demand)
* Current lease is 95 years remaining but you can extend it if you wish to.
*service charge (£1,400 per annum) ground rent (£10 per annum)
* Grade II listed building
The property as is would generate circa £1,600pcm
However, if some much-needed refurbishment is carried out then you could be looking at £1,733pcm.
•To purchase the property for £435,000, rent out to generate a healthy cashflow
•Purchase and refinance after 6 months against the true market value to pull out some of your investment
Costs to Consider
•Mortgage cost at 4% = £1,088 pcm
•Management at 10% + Vat = £208 pcm
•Service Charges and ground rent = £118 pcm
Capital Required To Get Involved:
•Purchase Price = £435,000
•25% Deposit = £108,750
•Stamp Duty = £24,800
•Legals = £1,000
We do charge a buyers premium and they vary property to property on this one we are looking at £3,000. This is fully refundable if you no longer wish to proceed. Please request T&C for clarity. CONTACT 07803472672
Mention https://ukbuyandsell.com/ when calling seller to get a good deal