3 bedroom detached for sale

£780,000

3

Bedrooms

1

Bathrooms

Floorplan

Ariston Property welcomes to the market this charming 3-bedroom terraced house located on Kelvin Avenue, equidistant of Bowes Park and Palmers Green.

Upon arrival, you are greeted by a private driveway, providing convenient off-street parking. The ground floor features two spacious reception rooms, the second being open plan. The kitchen which has recently been fitted, boasts modern touch and ample storage. There is also a utility room and a convenient ground floor WC.

At the rear of the property, a large (20m), north-facing garden offers the perfect space for outdoor dining, gardening, or simply enjoying some quiet time.

The first floor comprises two well-sized bedrooms with fitted wardrobes in both. The third bedroom can be used as a versatile study or childrens room, perfect for working from home or as a nursery. The stylish family bathroom is complete with a bath, separate shower & Wc.
The property further benefits from a loft space, double glazing windows and natural light. Sold chain free with vacant possession.

Kelvin Avenue is nestled between Bowes Park and Palmers Green a vibrant area known for its community feel and excellent local amenities including shops, cafes, restaurants as well as green spaces such as Broomfield Park and Grovelands Park.

Transport links are excellent with Bowes Park and Palmers Green Stations providing direct services to Finsbury Park and Central London Several bus routes serve the area and road connections via the North Circular make getting around North London and beyond easy and convenient.

Please contact Ariston Property in order to arrange a viewing.



Features
  • Freehold

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

£ 646200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 19500
  • 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

Adjust these figures

£

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

£ 61200
  • 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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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