TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£211,250 | 7.0% | 65.0% | 4 months |
---|
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.