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£700,000
Bedrooms
Bathrooms
This beautifully presented and extended three-bedroom family home offers generous living space across two floors, with further potential to develop (STPP). Located on the ever-popular Tottenhall Road, the property boasts a traditional brick faade and a warm, welcoming interior thats been thoughtfully enhanced by the current owners.
Inside, the home comprises two well-proportioned reception rooms and a modern, light-filled kitchen that opens out to the rear gardenperfect for everyday family life or entertaining guests. A downstairs purpose-built WC has been created.
Upstairs, youll find three large double bedrooms and a family bathroom, along with access to a sizeable loft that offers scope for conversion, subject to the necessary planning permissions.
Tottenhall Road is ideally positioned close to Green Lanes, with its vibrant mix of independent shops, cafes, restaurants and more. Excellent transport options include Palmers Green and Bowes Park rail stations (direct to Moorgate), as well as Wood Green Underground Station (Piccadilly Line). Regular bus services are also just moments away.
Families will also benefit from being close to several well-regarded local schools, including Oakthorpe Primary, Tottenhall Infant School and St. Michael at Bowes C of E School. Latimer grammar catchment.
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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