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£850,000 Guide Price
Bedrooms
Bathrooms
Guide Price 850,000-900,000. An exceptional opportunity to acquire this impressive and substantially extended five-bedroom family home, offering over 1,722 SQ FT of beautifully presented living and entertaining space. Composed of; reception room to the front aspect, separate dining room opening to an extended, bright, living/entertaining space featuring sky-light windows, modern fitted kitchen dinner and bi-folding doors leading to a south-east facing rear garden which boasts a large wooden decked terrace, perfect for entertaining friends and family, which steps down to a lawn area and a charming summer house at the far end of the garden.The first floor offers three comfortable bedrooms and a newly fitted contemporary bathroom. The second floor comprises of the loft space which has 2 separate bedrooms with one of the rooms acquiring a stylish three-piece shower room, ideal for guests or growing familiesIdeally located just moments from the vibrant Green Lanes, known for its wide variety of independent shops, cafs, and restaurants. Also, within close proximity to the award-winning Myddleton Road in Bowes Park, and conveniently served by excellent transport links including bus routes to Palmers Green BR station and Wood Green Tube Station (Piccadilly Line).
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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