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388 Neasden Lane North, London, NW10 0BT
£2,000,000
LOCATION
Detached double fronted Freehold House with planning to develop on Main Harrow Road (A404) in Kensal Green area.
DESCRIPTION
Development Opportunity: Detached double fronted Freehold House with planning to develop on Main Harrow Road (A404) in Kensal Green area. The property has potential for development. The Property comprise of ground floor, first floor and lower ground floor with potential to further enhance building by developing loft/additional floor subject to obtaining usual consents from local authority. The property is completely unmodernised but benefits from a driveway to front with two entrances and garage to side.
ACCOMMODATION
Detached double fronted Freehold House. The Property comprise of ground floor, first floor and lower ground floor with potential to further enhance building by developing loft/additional floor subject to obtaining usual consents from local authority. The property benefits from a driveway to front with two entrances and garage to side.
AMENITIES
Gas, Electricity, twenty minutes to Paddigton and Marble Arch Station
TERMS
Freehold offers in region of 2,000,000
OUTGOINGS
To Be Confirmed
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in connection with the transaction.
SERVICE CHARGE
SERVICE CHARGES: Ashfield commercial charges a fee of 500.00 for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord
PARKING NOTES
There will be plenty of room for parking when property refurbishment completed
VIEWING
Strictly by appointment with the Commercial agents:-
Benny Massey
Ashfield Estates
Direct Tel: 0208450 0333
Email: [email protected]
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
388 Neasden Lane North, London, NW10 0BT
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