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£900,000
Bedrooms
Bathrooms
Situated along the sought after Lake Rise backing Raphael Park, within a mile of Gidea Park Elizabeth Line station, is this extended, well presented four bedroom detached house.
Upon entering the home, via the enclosed porch, you are greeted with a welcoming hallway with stairs rising to the first floor.
Positioned at the front of the home, the dining room measures an impressive 144 x 114 and enjoys deep skirtings and a large window to the front elevation. Towards the rear of the property is the lounge which measures 157 x 147 and boasts bi-folding doors opening onto the rear garden. Both reception areas are beautifully presented with a neutral palette.
The kitchen area is finished to a high standard with numerous wall and base units, ample worktop space and integrated appliances such as washing machine, tumble dryer and dishwasher. A single door opens onto the rear garden.
The garage has been converted to provide a third reception space, currently arranged as a home office / study.
Rounding off the ground floor footprint is the W/C.
Heading upstairs, there are four comfortable double bedrooms with bedrooms one, three and four all boasting fitted wardrobes. Bedroom one also has the added benefit of its own stunning en-suite shower room whilst bedroom four enjoys an en-suite W/C.
Rounding off the internal layout is the four-piece family bathroom with W/C, handbasin, bathtub and separate shower cubicle.
Externally, the property enjoys a 91 rear garden backing Raphael Park, commencing with a large patio terrace with steps down to the remainder which is predominantly laid to lawn. The garden also provides access to the handy storeroom (75 x 69). To the front of the home, there is off street parking via the paved driveway and handy side access.
Viewing is highly recommended to fully appreciate all this wonderful home has to offer.
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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