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£995,000 Guide Price
Bedrooms
Bathrooms
A charming FIVE bedroom, family home, full of lusty Edwardian dominance and grandeur with original features, situated in a small, PRIVATE ROAD, amidst open farmland countryside close to South Mimms village. Built on three floors in 1912 with high ceilings, bay-fronted lounge, open-plan kitchen/dining/family room and large secluded gardens and grounds with further potential to extend (STPP).
PLUS. it features a SEPARATE ANNEXE providing remarkably spacious accommodation as ANOTHER one/two bedroom dwelling (with kitchenette & bathroom) - ideal for an EXTENDED family; as TEENAGER ANNEXE, office/surgery, therapy or consulting rooms/WFH business unit, OR as an AirBnB income generator to pay the mortgage!
For those who like or need real space this is a fantastic coveted property, with some 2500sq.ft to add your own mark. It does need some improvement, but has the structure and architectural ingredients, with a little imagination, to return to its original Edwardian magnificence.
Having easy access to shopping centres, restaurants (only a few minutes to The Old Guinea!) and SCHOOLS in St. Albans, Potters Bar, Barnet, Aldenham & Elstree. And convenient for key routes for M25, A1(M) and M1, motorways, the A1/A41 into London & Brent Cross and a choice of stations at Potters Bar, St.Albans, Radlett or Borehamwood. Keenly priced & CHAIN FREE. Viewings by calling Barkers on .
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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