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£1,090,000
Bedrooms
Bathrooms
Detached double fronted four/five bedroom house on a corner plot which has been enhanced and well cared for by the longstanding current vendors. The property benefits from four good sized bedrooms with two bathrooms upstairs plus a fifth bedroom downstairs. There is a 30 through lounge, kitchen leading to conservatory and downstairs cloakroom. The master bedroom has an en-suite in addition to a family bathroom. Externally there are well maintained gardens around the house with storage, garage via own drive to the rear/side and a dropped kerb to the front for possible off street parking. Scope to extend to the area to the side of the house subject to any necessary planning permission. Oakwood Station (providing Piccadilly Line access to Heathrow and Central London) plus shops, post office, petrol station/Tesco, bus services (with access to Enfield Town and Barnet Hospital), and Trent Park with golf course, stables and lakes, are within 0.5 miles and many outstanding schools and nurseries are with in the vicinity, along with doctors and dentists.
Vendors are suited and therefore able to offer chain free.
Council Tax Band: G
Tenure: Freehold
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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