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£1,195,000
Bedrooms
Bathrooms
A rarely available 4 bedroom detached corner plot residence, enviably located within easy reach of the historic Enfield Town, Grange Park (Overground), and Winchmore Hill overground (approximately 30 minutes to Moorgate).
Offered for sale is this impressive 'Mediterranean style' property boasts impressive grounds. The property is arranged over 2 floors, and benefits from a generously sized garden.
The ground floor features a large entrance hall with doors leading to two spacious reception rooms at either end of the house. The rear reception room benefits from dual-aspect windows, providing lovely garden views. You will also find a kitchen with an adjoining dining room, a useful shower room/WC, and access to the garage. The first floor comprises four generously sized bedrooms with built-in wardrobes, one of which has an en-suite, plus a family bathroom and a separate WC located at the end of the landing.
Outside, the property enjoys a mature landscaped rear garden with a BBQ area. At the front of the house, there is a substantial grass area and off street parking.
Viewing is advised to fully appreciate the space offered by this lovely property.
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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