£130,000
(£326/sq. ft)
Studio for saleMilliners Wharf, 2 Munday Street, New Islington M4
1 bath
1 reception
398 sq. ft
EPC Rating: C
About this property
EWS1 form with B1 rating
Ideal buy to let opportunity achieving £920 pcm
9% return
Canalside development
High tenant demand
Well maintained studio apartment
Opposite new Islington tram station
Walking distance to Piccadilly
Concierge and bicycle storage
No chain
Situated in New Islington, voted one of the best places to live by The Sunday Times, the development is within walking distance to New Islington Marina and Cutting Room Square, artisan bakeries such as Pollen and Companio, craft beer at Cask, and Michelin-starred Mana. New Islington School, New Islington Medical Practice, a PureGym and two supermarkets are in walking distance, with excellent transport links including New Islington Metrolink and Piccadilly Train station.
Located on the 7th floor the property briefly comprises: Entrance; storage cupboard; open plan lounge/diner/sleeping area; kitchen with integrated appliances; luxury bathroom.
The property is tenanted achieving £920 pcm, offers a 9% return, and is offered with no onward chain. Vacant possession available on request.
We can confirm the development has an EWS1 form with B1 rating which may be required by lenders issuing a mortgage.
Annual ground rent (reviewed every 5 years and updated according to retail price index): £509.39
Annual buildings insurance: £332.31
Annual building service charge: £589.24
Annual service charge: £643.00
Length of lease: 155 years from 2007
Management company: Redpath Bruce
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Anti-Money Laundering (aml) Checks - As part of making an offer, we're required by law to complete Anti-Money Laundering (aml) checks to confirm the identity of all purchasers. To cover the cost of this process, a non-refundable fee of £60 inc VAT per buyer is payable when your offer is accepted. This is a standard requirement for all buyers and ensures your offer can be progressed as quickly and smoothly as possible.
Mortgage calculator
£650 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (155 years)
Service charge
£1,665 per year
Council tax band
B
Ground rent
£509
Ground rent date of next review



.png)