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365 Ballards Lane, North Finchley, London
£790,000
Bedrooms
Bathrooms
Located on this residential turning off Mays Lane and within a short walking distance to King Georges Fields is this stunning end of terrace three-bedroom, two-bathroom, two-reception family house. The property has been refurbished to an extremely high standard and benefits from an approx. 13ft reception room with a Georgian style bay window to the front, leading to an approx. 14ft dining room filled with natural light, an open plan kitchen with a breakfast bar with doors opening to a stunning decked terrace and garden, an office/study room under the stairs and a three piece bathroom suite. There is a potential to extend into the loft and the side (STPP). The property has a self-contained annexe at the rear of the garden, with a one bedroom, a modern kitchen, reception, and a three-piece bathroom. Being an ideal property for families and being in the catchment area for Whitings Hill Primary School, the property further benefits from three well sized bedrooms, two modern tiled family bathrooms, UPVC double glazed windows throughout, wooden flooring, off street parking for two cars to front. To truly appreciate the location, size and condition of this home, an internal viewing is highly recommended through the vendors sole agents, Adam Hayes Estate Agents.
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.
365 Ballards Lane, North Finchley, London
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