3 bedroom land (commercial) for sale

£1,500,000

3

Bedrooms

2

Bathrooms

Floorplan

Situated in the Chestnut Grove area of East Barnet, on the Cockfosters Borders, this unique property presents an exceptional opportunity for those seeking a tranquil lifestyle just on the outskirts of London, but within the M25. Spanning approximately 0.9 acres, the land features a delightful pond accompanied by a summerhouse, creating a picturesque setting that is perfect for relaxation, outdoor entertainment and enjoyment.
The existing detached house offers a spacious layout with three generously sized double bedrooms, complemented by two well-appointed bathrooms. The large through lounge provides ample space for entertaining guests or enjoying family time. With a total area of 1,464 square feet, this property is both comfortable and versatile. The attached double garage with own drive, connects to the house, but could quite easily be converted - SPP.
Moreover, the building plot comes with planning permission for a 4 bedroom and 3 bathroom eco friendly detached house also enjoying a stunning outlook over the pond. The secluded walled garden offers a multitude of possibilities, whether you envision a flourishing garden, a play area for children, or a serene retreat for quiet and very private contemplation.
Conveniently located, this property boasts excellent transport links, with access to Cockfosters Tube Station on the Piccadilly Line, as well as various bus routes. The nearby shops and restaurants cater to every day needs, while the scenic Oak Hill Park and the quaint East Barnet Village provide delightful local amenities. Additionally, a nearby British Rail Station at Oakleigh Park enhances connectivity to the wider area. You are also spoilt for choice with popular schools for all ages.
This golden opportunity provides not just a home; but a lifestyle opportunity waiting to be embraced, as well as a 2nd property opportunity. Whether you are looking to invest or create your dream residence, this wonderful property will not disappoint.

Different Aspects Of The Pond: - Offering Such a Stunning Outlook. Large Pond with Fish and Wildlife, Bordered by Paved Paths, Mature Trees & Shrubs, Shed, Plus a Large Summerhouse: 286 x 710.

Floorplan For New Build House: - Showing Planning Approved Drawings. Comprising of 4 Bedrooms & 3 Bathrooms, 2 Separate Reception Rooms & a Dining Area to the Fitted Kitchen.

Plan Of The Whole Site: - Includes the Pond Area, The Existing Detached House, The Proposed New Build, and the Walled Garden. In Total Approximately 0.9 of an Acre.

Aerial View Of The Whole Site: -

Existing Detached House: - We Understand that this was Designed as a 4 Bedroom and 1 Bathroom, but is Currently Used as a 3 Double Bedroom & 2 Bathrooms. A Large Ground Floor Area and a Connecting Double Garage with Own Drive - Which Could be Converted. There is also Scope & Potential to build a Double-Storey Extension to the Left-Hand Side of the House, and the Loft is Intact - SPP.

Entrance Hall: - Spacious Entrance Hall with Access to All Rooms, Including the Double Garage, and Stairs to the First Floor. Laminate Flooring, Part Glazed Front Door Plus 2 x Double Glazed Side Panels. Downstairs Cloakroom.

Through Lounge: Sitting Area To Front: - 8.51m x 4.04m (2711 x 133) - Double Glazed Georgian Window to Front, Wood Burning Stove, Fireplace & Surround, Cornicing, Radiator, Laminate Flooring.

Through Lounge: Dining Area To Rear: - Double Glazed French Doors & Side Panels to Rear Garden Leading to a Large Paved Patio Area, Large Area Laid to Lawn, Mature Trees to the Left Border, Plus Panoramic Views Over the Pond. Laminate Flooring, Radiator, Cornicing. Sliding Door to the Kitchen.

Fitted Kitchen: - 4.57m x 2.79m (15 x 92) - Ample Floor Units, Full Height Units, Double Bowl Inset Sinks with Mixer Taps, Plumbed for Dishwasher, Double Glazed Georgian Style Windows to Side & Rear with Outlook Over the Garden and Pond. Part Glazed Door to a Covered Area with Outbuildings.

Utility Room: - 2.21m x 1.93m (73 x 64) -

First Floor Landing: - Double Glazed Georgian Style Window to Side. Access to Loft with Pull-Down Ladder.

Bedroom 1: - 4.01m x 3.91m (132 x 1210) - Double Glazed Georgian Style Window to Front, Laminate Flooring, Radiator.

En Suite Shower Room: - Large Walk in Shower with Glass Screen, Vanity Unit with Sink and Cupboards Beneath, Mixer Taps, Low Flush WC. Double Glazed Georgian Style Window to Front. Chrome Heated Towel Rail. Mostly Tiled. Vinyl Flooring.

Bedroom 2: - 4.75m x 3.91m (157 x 1210) - Double Glazed Georgian Style Window to Rear Overlooking Garden and Stunning Views Over the Pond, Radiator, Laminate Flooring.

Bedroom 3: - 4.19m x 2.79m (139 x 92) - Double Glazed Georgian Style Window to Rear Overlooking Garden and Stunning Views Over the Pond, Radiator, Laminate Flooring.

Family Bathroom: - Large Walk in Shower, Pedestal Wash Hand Basin with Mixer Taps, Low Flush WC., Double Glazed Georgian Style Window to Front, Mostly Tiled, Vinyl Flooring, Chrome Heated Towel Rail.

Rear Garden & Outlook Over Pond: -

Rear Of Existing House: - Also Showing Rear Garden and Area to Side of the Property Suitable for Extension - SPP.

Double Garage With Own Drive: - 5.84m x 4.65m (192 x 153) - Up and Over Doors.

Building Plot With Planning Permission: - There is Planning Permission with Direct Road Access for an Eco Friendly 4 Bedroom & 2 Bathroom Fully Detached House - Also with a Beautiful Outlook Across the Pond Area.

Plans Showing Detached House & The New House: -

Rear Of House, Pathways & Building Plot: -

Scaled Plan Of New Build House: -

The Walled Garden: Pic. 1 - 22m x 8.5m (722' x 2710') - A Very Private Area Suitable for Many Purposes to Suit the New Buyers Needs, but it Could Provide a Flourishing & Organic Fruit & Vegetable Garden.

Summerhouse: - 8.69m x 2.39m (286 x 710) - Doors & Windows, Power Supply. Also Showing the Pond, The Mature Trees & Vegetation, Plus the Rear of the Existing House.



Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1256450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 37500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 131450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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