088CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£211,250 7.0% 65.0% 4 months
Assigned
Loan Calculator Have a question? Click here

Additional Info

DRAWDOWN DATE : 09/12/2014
REDEMPTION DATE : 08/06/2015
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 4 months
CURRENT PROPERTY VALUE: £325,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Leasehold 125 years from 2004

The property was built around 10 years ago above the rear extension of the shop and is constructed around a cavity brick wall under a double pitched tiled roof.

The accommodation is mainly on one floor level with a first floor bedroom. The flat is heated by a gas fire boiler serving low pressure radiator system. Natural light is facilitated by uPVC aluminium framed double glazed windows.

The property is located on Lower Clapton Road, a busy road predominantly occupied by secondary retail shops. The flat is above a rear extension above the applicant’s freehold shop, which is a convenience store.

Clapton is a busy urban area within the administrative borough of Hackney, close to Hackney Downs, which is one of the larger public places in the district.

Lower Clapton Road is located 6 miles north east of Central London and is a few minutes drive east of the main A10 north/south link road.

The area of Hackney is becoming more sought after, mainly due to the pressure of high house values in the surrounding area and, as a result, is witnessing more new residential development. This is attracting a new population to the area and improving the poor image the borough once had.