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£2,000,000
Bedrooms
Bathrooms
A very spacious (approximately 2327 Sq Ft/216 Sq M including eaves storage and restricted head height areas on second floor), characterful and imposing double fronted Edwardian house situated in a sought after location 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, Camden Road and Holloway Road. Local outdoor spaces, including Montpelier Gardens and Leighton Crescent Gardens, are very close by. The flexible accommodation is arranged over three levels comprising six double bedrooms (with the top floor including two bedrooms, one of which includes a kitchenette, and a separate shower room), bay fronted reception, additional reception/study, modern kitchen open plan and leading to dining room with attractive views over the rear garden, utility area, modern bathroom and downstairs cloakroom. Benefits include: very attractive and secluded rear garden which enjoys a sunny aspect and mainly double glazed windows. We are expecting considerable interest and advise arranging an immediate appointment to view to avoid disappointment.
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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