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£2,400,000
Bedrooms
Bathrooms
Available for purchase for the first time in 54 years! A very spacious and imposing semi detached Victorian house situated in a prime location on one of the most sought after tree-lined roads in Tufnell Park within close proximity to Tufnell Park (Northern Line) underground station, the various shops, bars, cafes and restaurants on both Fortess Road and Brecknock Road together with the multiple shopping and transport facilities of both Kentish Town and the Holloway Road. The flexible accommodation (approximately 3528 Sq Ft/328 Sq M including eaves storage, restricted head height and basement) has been adapted and arranged over the years to suit the family needs of the current owners and comprises six bedrooms (two of which are currently used as an additional reception and dining room respectively) two reception rooms, dining room, utility room, kitchen, kitchenette, two bathrooms, wet room and two further wcs. Benefits include a spacious basement which covers the footprint of the main body of the house, off street parking space to front and a spacious rear garden which enjoys a sunny aspect. The property requires modernisation. We are expecting considerable interest and therefore advise arranging an early appointment to view to avoid disappointment. SOLE AGENT.
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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