Residential · Flat · Leasehold

A Lower Ground Floor Three Bedroom Flat Subject to a Periodic Tenancy Producing £24,000 Per Annum

84A Elgin Avenue, Maida Vale, London, W9 2HD

Property type
Flat
Bedrooms
3
Bathrooms
2
Receptions
1
Tenure
Leasehold

A lower ground floor three bedroom flat in Maida Vale, London, arranged over lower ground, ground and two upper floors and held on a 125-year lease from 1983 (approximately 83 years unexpired). The property is subject to a periodic tenancy producing £24,000 per annum and benefits from a rear courtyard.

Three bedrooms Two bathrooms Rear courtyard Maida Vale location Near Queens Park Transport links nearby

Accommodation

  • Open Plan Reception/Kitchen
  • Bedroom 1
  • Bedroom 2
  • Bedroom 3
  • Bathroom 1
  • Bathroom 2

Full description

A lower ground floor three bedroom flat situated within an end of terrace building arranged over lower ground, ground and two upper floors. The property comprises an open plan reception/kitchen, three bedrooms, and two bathrooms on the lower ground floor. It benefits from a rear courtyard. The property is situated in the sought after Maida Vale close to local shops and amenities. The open spaces of Queens Park are within easy reach. Transport links are provided by Queen's Park underground station (Bakerloo line) and overground station. The property is leasehold, held on a 125 year lease from 25th December 1983 with approximately 83 years unexpired. It is subject to a periodic tenancy at a rent of £2,000 per calendar month (producing £24,000 per annum).

Financial Tools

Your estimated monthly payment
£2,709.68/mo
Deposit £162,500 (25%) Loan £487,500 Interest £325,405
Total cost £812,905 Total interest £325,405
Property price£650,000
Deposit25%
£162,500
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

84A Elgin Avenue, Maida Vale, London, W9 2HD
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