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£950,000 Guide Price
The Current Site
Currently, the site is occupied by a detached bungalow with several outbuildings. The large plot encompasses an area of circa 928sqm.
The Approval
Planning permission has been approved for the demolition of the existing bungalow and out-buildings to construct two prestigious four bedroom detached homes.
The dwellings will provide a large open-plan kitchen, dining room/lounge and a study on the ground floor. Three bedrooms on the first floor and an additional bedroom in the roof space.
Each property will accommodate three parking spaces.
Safe and secure cycle storage would be provided at the end of each of the rear gardens, along with a bin storage area. Refuse collection would continue to take place from Covert Road, as existing.
Location
Northchurch Village is situated to the west of Berkhamsted and within convenient reach of the A41.
Berkhamsted Station, West Midlands lines servicing Milton Keynes, London Euston and Tring.
Local shops including a Tesco convenience store, Post Office, restaurants, public houses and takeaway services are easily accessible.
Bus services run along both sides of the High Street within walking distance
Northchurch Common (part of the National Trust Ashridge Estate) and the Alpine Meadow Nature Reserve sit above the village and are wonderful and expansive spaces for walks and views, while the Grand Union Canal running through the centre of Northchurch provides a picturesque and flat setting for a leisurely stroll.
Viewings
Strictly by appointment Only
Information available on request
Brochure,
Approval & Conditions,
CIL Document,
Design & Access Statement,
S106 Contributions,
Local Site Comparables,
GDV,
Further detailed information can be provided after document review.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £4,108.44
Total Interest: £529,036.68
Overall Total: £1,479,036.68
Amortization For Monthly Payment: £4,108.44 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £30,120.30 | £19,180.92 | £930,819.08 |
| 2026 | £29,497.43 | £19,803.79 | £911,015.29 |
| 2027 | £28,854.33 | £20,446.89 | £890,568.40 |
| 2028 | £28,190.35 | £21,110.87 | £869,457.52 |
| 2029 | £27,504.80 | £21,796.42 | £847,661.11 |
| 2030 | £26,796.100 | £22,504.22 | £825,156.88 |
| 2031 | £26,066.21 | £23,235.02 | £801,921.87 |
| 2032 | £25,311.68 | £23,989.54 | £777,932.33 |
| 2033 | £24,532.66 | £24,768.56 | £753,163.76 |
| 2034 | £23,728.34 | £25,572.89 | £727,590.87 |
| 2035 | £22,897.89 | £26,403.33 | £701,187.55 |
| 2036 | £22,040.48 | £27,260.74 | £673,926.81 |
| 2037 | £21,155.23 | £28,145.99 | £645,780.82 |
| 2038 | £20,241.23 | £29,059.99 | £616,720.83 |
| 2039 | £19,297.55 | £30,003.67 | £586,717.15 |
| 2040 | £18,323.23 | £30,977.100 | £555,739.16 |
| 2041 | £17,317.26 | £31,983.96 | £523,755.20 |
| 2042 | £16,278.63 | £33,022.59 | £490,732.60 |
| 2043 | £15,206.27 | £34,094.95 | £456,637.65 |
| 2044 | £14,099.09 | £35,202.14 | £421,435.51 |
| 2045 | £12,955.95 | £36,345.27 | £385,090.24 |
| 2046 | £11,775.69 | £37,525.53 | £347,564.71 |
| 2047 | £10,557.10 | £38,744.12 | £308,820.59 |
| 2048 | £9,298.94 | £40,002.28 | £268,818.31 |
| 2049 | £7,999.93 | £41,301.29 | £227,517.01 |
| 2050 | £6,658.73 | £42,642.49 | £184,874.52 |
| 2051 | £5,273.98 | £44,027.25 | £140,847.28 |
| 2052 | £3,844.26 | £45,456.97 | £95,390.31 |
| 2053 | £2,368.11 | £46,933.11 | £48,457.20 |
| 2054 | £844.03 | £48,457.20 | £0.00 |
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.
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Thu Jun 26 2025
All confirmed! We look forward to speaking with you.
Thu Jun 26 2025
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