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Wood Green, London n22
a nicley presented one bedroom apartment on the eight floor of this high rise block situated just off of White Hart lane in North london.
Huge 22% discount - Up to 11% yield
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Discount price |
£83,460 |
Property Price |
£107,000 |
Instant Discount |
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% Discount |
22% |
Buy to sell or let |
Yes |
Unit type |
1 bedroom apartment |
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| just 0.3 miles to Wood Green tube station |
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| This is a one bedroom apartment positioned on the eight floor of this high rise block in Wood Green London N22.
It is well located for access into central London and is within walking distance to Wood Green tube station
(0.3 miles) and Alexandra Palace Train station (0.7 miles).
The vendors tell us she has made a number of improvements including a new kitchen, wood flooring and new combi boiler. The property also benefits from a balcony and double glazed windows.
The property is offered with a 22% discount based upon a market value of £107,000 which provides a net purchase price of just £83,460.
Rental
We have spoken with two rental agents in the area who are currently letting or have let properties in this block. They have provided rental figures as below depending on condition.
£775 per month-Paul Simon Letting
£725-£750 per month JW Meade Letting
At the lowest this is 10.4% and the highest 11.1%
Market price £107,000
Purchase Price £83,460
Instant Equity £23,540
Monthly rent £725-£775
10.4%-11.1% yield on net price
The vendor has been informed that the buyer will pay £500 towards legal fees. Pinnacle finders fee £2200 +vat
There have been a few properties within 1/4 mile of the postcode which have recently sold.
Sold
Flat £115,000 Jan 2007-Same Block
Flat £117,000 March 2007-Same Road
Flat £112,000 April 2007-Same Road
Flat £112,000 Feb 2008-Same Road
The above have been taken from Rightmove the property portal
The current owner would like a quick sale due to personal reasons.
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| 10 year price table |
| The table below shows how the property purchased at a net price of £135,995 could grow over the next 10 years at 2%, 5% and 8% |
% |
Yr1 |
Yr2 |
Yr3 |
Yr4 |
Yr5 |
Yr6 |
Yr7 |
Yr8 |
Yr9 |
Yr10 |
Potential growth |
2% |
£138,714 |
£141,489 |
£144,318 |
£147,205 |
£150,149 |
£153,152 |
£156,215 |
£159,399 |
£162,526 |
£165,777 |
£50,181 |
5% |
£142,794 |
£149,934 |
£157,431 |
£165,302 |
£173,567 |
£182,246 |
£191,358 |
£200,926 |
£210,972 |
£221,521 |
£105,925 |
8% |
£146,874 |
£158,624 |
£171,314 |
£185,019 |
£199,821 |
£215,806 |
£233,071 |
£251,717 |
£271,854 |
£293,603 |
£178,007 |
Prices can go up as well as down
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Call us now on the sales reservation line for further details
Tel 07887 512597
or
click on the call back request link below and we will call you
Call back request |
| Disclaimer |
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The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development.
Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither Pinnacle Property Association/Pinnacle Property Link Ltd nor any of its partners, directors,
e employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
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Copyright © 2008 Pinnacle Property Association. All rights reserved. |
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