074CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£275,000 7.0% 39.0% 4 months
Assigned
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Additional Info

DRAWDOWN DATE : 05/09/2014
REDEMPTION DATE : 04/03/2015
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 4 months
CURRENT PROPERTY VALUE: £705,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The subject property comprises a mid terrace 3 bedroom residential dwelling with accommodation on ground (with basement) and first floors. The property is in need of modernisation and refurbishment throughout.

The property is of traditional construction with solid brick walls under a pitched tile roof. To the rear there is a two storey outrigger extension of similar construction under a sloping tile roof.

Internally the accommodation appears to have been altered to provide separate self contained residential accommodation on the ground and first floors. There are bathrooms and kitchens on both ground and first floors.

Externally there is a forecourt to the front of the home and yard to the rear. Both are overgrown and there is ivy growth to the front of the dwelling.

Stoke Newington is a district in the London Borough of Hackney N16. It is 5 miles north-east of Charing Cross.

The property is located on the south side of Belfast Road which is accessed from the A10 Stamford Hill just to the north Stoke Newington High Street. The south side of Belfast Road is residential in nature comprising a terrace of houses. The north side has an industrial/commercial heritage although and is now mixed use and predominantly in residential use.

This is an established residential area and local services and facilities are within a short walk distance of the property. This includes Stoke Newington railway station which provides links to London Liverpool Street.