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3rd Floor, 2 Bristol Avenue, N20 0EJ
£375,000
Bedrooms
Bathrooms
Reception
Bumblebee are delighted to offer a rare opportunity to purchase this spacious two double bedroom first (top) floor flat on a popular road.
Ideal for first time buyers or investors, situated in a small block of just four purpose built flats. This property comes with allocated parking which is gated & CCTV operated!
Property comprises a lounge, kitchen, two double bedrooms, bathroom W/C. Further benefits include double glazed windows, fitted wardrobes, electric heating, and communal garden. Located within a few minutes to local shops on Kenton Road, Sainsburys, schools and Northwick Park Hospital. Surrounded by three beautiful parks.
For commuters, its a three minute walk to Northwick Park tube station (Metropolitan Line) or five minutes walk to Bakerloo / Kenton overground.
We recommend an early viewing to avoid disappointment. As a bonus, this flat will come with a new lease upon completion.
Note, our client is also selling their adjacent one bedroom flat - giving buyers a unique opportunity to own 50% of this brilliant block.
Disclaimer
The property particulars are produced in good faith based upon information from the vendor and access for visual appraisal to provide a fair description of the property for the guidance of intending purchasers. These should not be construed as a contract or offer. All details and measurements are approximate and are only a general guide. Any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Please note, we have not tested the bathroom fittings, kitchen appliances, central heating, or electrical systems. If there is any point which is of particular importance to you, we will be pleased to see if we can get more information.
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.
3rd Floor, 2 Bristol Avenue, N20 0EJ
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