5 bedroom detached for sale

£1,700,000

5

Bedrooms

5

Bathrooms

Floorplan

Occupying a prominent, park-facing position on Powys Lane, this grand double-fronted detached residence offers over 3,600 sq. ft. of versatile space, ideal for large families or those seeking future development potential. Rich in character and history, the property has been in the same family since 1967 and has undergone three major extensions over the decades. The ground floor features three generous reception rooms, including a formal front lounge with newly installed double glazing, a 32ft through reception/dining room, and a handcrafted French oak period kitchen fitted with Gaggenau and Miele appliances. A section of the kitchen and adjoining dining area showcases the work of a French decorative artist, who employed rag rolling techniques to add unique texture and charm. The layout also includes two utility areas, a ground floor WC, and access to an integrated garage.The first-floor hosts four generous double bedrooms, including an elegant master suite with a dressing room and bay window overlooking Broomfield Park, and three en suite bathrooms, alongside a family bathroom and excellent storage. The top floor is a rare full-height loft extension (now virtually unachievable under current planning policy), offering two further bedrooms and an additional bathroom. There is further potential to reconfigure the loft to create two generously sized rooms by modifying the central structure, presenting a compelling opportunity for families looking to future-proof. The rear garden features a characterful Victorian brick-built outbuilding currently used as an office/studio, a dedicated barbecue area, and ample lawn for entertaining. 30% of the windows, including the front lounge and 2 bedrooms upstairs benefit from recently installed double glazing (2022), blending comfort with retained period character.
Set behind a spacious carriage driveway, this home offers excellent kerb appeal, off-street parking, and sits moments from the cafs, shops and transport links of both Palmers Green and Arnos Grove (Piccadilly Line). This is an increasingly rare opportunity to acquire a truly individual home with deep local roots, exceptional potential, and uninterrupted park views in one of N14s most desirable addresses.


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

£ 1435450

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
    £ 42500
  • 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

£ 160450
  • 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

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  • 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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