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£750,000
Bedrooms
Bathrooms
A beautifully presented 4-bedroom, 2-bathroom family house, set within the sought-after Bellway Homes development, Hertsmere Mews. Known as The Fischer, this particular home offers generously sized rooms, over 1,313 square feet of accommodation, South Facing Garden, electric car charging point, air-conditioning, off-street parking and a large garage which would lend itself well to converting (s.t.p.p.).
Tucked away behind Shenley Road, the development is within a short walk into Borehamwoods town center with its excellent shopping facilities, cafes, and restaurants. Elstree and Borehamwood train station is 1 mile away and has direct links into London, and there are several local leading schools within walking distance.
Set to the front of the house is a well fitted kitchen breakfast room with grey gloss units, tiled splashback, integrated fridge, freezer, dishwasher, and washer dryer. There is plenty of work surface, a 4-point gas hob, double oven, extractor fan, downlights, stone work surface, Amtico flooring and space for a breakfast table or breakfast bar.
There is an impressive open plan lounge diner with recently fitted recess spotlights, double doors leading out to the patio of the elevated South facing rear garden, which is ideal for entertaining with an additional decked area and rear bedding. There is a large storage cupboard and ground floor wc. The first floor has a spacious master bedroom with a contemporary 3-piece en suite bathroom. There are 3 further double bedrooms and a 3-piece bathroom.
Further benefits include an electric car charging point, air conditioning and off-street paring. There is a large loft which would lend itself well to being converted (s.t.p.p.) and a separate garage with off street parking to the front and rear access.
Contemporary in design, Hertsmere Mews is a private development that has landscaped communal green areas and childrens play spaces that are purposely positioned for all residents to enjoy. This encourages a positive lifestyle with community events and contributes towards the ongoing success and demand for the development. Call Richard for more information.
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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