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£1,075,000 Guide Price
Bedrooms
Bathrooms
With views of Broomfield Park this elegant character property is filled with period features.
Located on the popular Powys Lane this semi-detached house provides a vast footprint (just under 1800 sq ft) of living accommodation. The large entrance hallway leads through to the front and rear reception rooms which have beautiful panelling and feature fireplaces. There is the added bonus of a bright morning room and cellar.
The first floor provides four good sized bedrooms the front looking over the park and the rear looking out to the well maintained large garden. With off street parking for one car, the house is being offered with no onward chain.
Ideally situated a short stroll across the park brings you to the trendy artisan shops and cafes of Aldermans Hill and British Rail Palmers Green for links to the City or Hertford.
Green Lanes provides an abundance of restaurants, cafes and shops for all your local high street requirements including good bus routes.
The house requires some modernisation but has great potential to create a beautiful home.
FRONT GARDEN: Paved patio. Off street parking. Flower and shrubs to side. Side access gate.
ENTRANCE; Via hardwood door.
HALLWAY: Carpet. Window to front aspect. Original picture rails. Panelled ceilings. Cornicing. Radiator. Doors to all rooms. Under stair door leading to basement Staircase to first floor.
BASEMENT: Used for storage. Full height.
RECEPTION 1: Carpet. Timber round bay window to front aspect. Feature fireplace with timber surround and inset mirror. Picture rail. Panelled ceiling. Radiator.
RECEPTION 2: Carpet. Feature fireplace with inset fire. Granite hearth. Panelled walls. Picture rail. Cornicing. UPVC double glazed French doors and windows leading to rear leading to garden.
MORNING ROOM: Carpet. Timber fire surround. Wall mounted boiler (Worcester Bosch) (untested). Storage cupboard. UPVC double glazed window to rear aspect. Fitted base units. Radiator. Door leading to kitchen.
KITCHEN: Vinyl flooring. Fitted wall and base units. Partly tiled walls. Plumbing for washing machine. Gas connection for oven. UPVC double glazed window to rear aspect. Timber door to side aspect leading to garden.
LANDING: Carpet runner to stairs. Carpet on landing. Timber obscure window to side aspect. Loft hatch. Door with inset mirror leading to loft room. Stained glass window to side aspect. Doors to all rooms. Radiator.
BEDROOM 1: Carpet. Feature fire surround. Picture rail. Cornicing. Fitted wardrobe. Door to cupboard. Timber bay window with leaded lights to front aspect. Radiator.
BEDROOM 2 (middle): Carpet. Door to cupboard. Cornicing. Radiator. UPVC double glazed bay window to rear aspect.
BEDROOM 3 (middle): Vinyl flooring. Walk in shower. Pedestal basin. Close coupled W/C. Cornicing. UPVC double glazed window to rear aspect. Radiator.
BEDROOM 4 (front): Carpet. Timber bay window to front aspect. Cornicing. Radiator. Basin.
BATHROOM: Carpet. Bath with side panel. Pedestal basin. Fully tiled walls. Cupboard/airing cupboard housing cylinder. Radiator. UPVC double glazed obscure window to rear aspect.
SEPARATE W/C: Carpet. Close coupled W/C. Fully tiled. Window to side aspect.
REAR GARDEN: Paved patio with step down to lawn area. Mature trees and shrubs. Side access gate. Outside W/C.
Map location is not available for this property.
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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