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£20,000,000 Guide Price
This is a rare freehold site of 0.82acres (0.332hectares), located at the left-hand end of Compton Avenue, Kenwood N6, facing west, with its side elevation directly overlooking Highgate Golf Course with current planning consent to build a brand new super mansion of 32,120sqft (2,984sqm) which is current for just under three years.
Compton Avenue is a leafy cul-de-sac, off Hampstead Lane, Kenwood, which links Highgate to Hampstead and to the south, central London. It has become the most cherished, prestigious residential address in this much sought-after residential area and of particular advantage to HNW (High Net Worth) residents is the 24hr security at the top of the road, which in todays world, is an important amenity.
At the lower end of the road is Highgate Golf Course with its rolling hills and a short walk from the top of the road is Kenwood and Hampstead Heath where there are 900 acres of green open spaces and woodland for outdoor recreation.
Compton Avenue is nestled between the medieval villages of Hampstead and Highgate which are brimming with eclectic shops, restaurants, and transport facilities.
Within a short walking distance is Highgate School (amongst others) which is one of the best facilitated places of learning, for primary and secondary education regardless gender, with its 75acres of recreational space and as such, is probably unique in any metropolis in the world.
Plenty of public transport is available on Hampstead Lane and Brent Cross Shopping Centre is within a 10min drive and a private/commercial airport at Luton, is within 35mins by car.
Central London is approx. 4 miles to the south of this location, and it could take between 15/30mins to get there, depending on traffic.
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.
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