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£675,000
Bedrooms
Bathrooms
This charming 1930s-built three-bedroom semi-detached family home offers a spacious living environment with plenty of character. Set back approximately 50ft from the road, the property benefits from off-street parking. The well-maintained 100ft rear garden provides stunning far-reaching views over open countryside and Gobions Woods, featuring a pond and a lovely water feature.
The garage has been converted into a self-contained annexe, including a studio room, kitchen, and shower room, making it ideal for use as a home office, gym, or additional bedroom.
The main house boasts a welcoming entrance hall, a lounge with an open working fireplace, a dining room with pine wood flooring, and a garden/sun room with a glazed roof and antique oak wood flooring. The first floor offers three well-proportioned bedrooms and a bathroom, while the kitchen is well-positioned with windows overlooking both the side and rear garden. The loft is fully boarded and insulated, and there is great potential for further extension, subject to planning consent.
Located in the highly desirable semi-rural area of Little Heath, on the borders of Potters Bar and Brookmans Park, this home offers easy access to both countryside and urban conveniences. It is just a short drive to Potters Bar town centre, which provides an array of shopping facilities and a mainline station offering fast services to Kings Cross and Moorgate. Brookmans Park is also nearby with its own mainline station for easy access to Central London. For those who drive, the M25 and A1(M) motorways are accessible, providing excellent road connections. The property is also close to local schools and green spaces, making it an ideal location for families.
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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