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£6,000,000 Guide Price
Bedrooms
Bathrooms
An exceptional and rare opportunity to design and build your own dream home (STPP) in this highly sought after location with views of Canary Wharf and The Shard over open countryside ' Over four acres of land with lake ' Accommodation and outbuildings in excess of 15000 square feet ' CHAIN FREE '
Development opportunity to refurbish existing home or to demolish and rebuild (STPP)
The main character house has lacked attention over the years and requires essential maintenance and refurbishment. It had previously been converted to provide several self contained living areas over all floors.
Set behind a gated entrance, the properties lie in approximately 4 acres of grounds with lake and prominent raised terrace, overlooking open countryside and views towards Canary Wharf.
Outbuildings consist of sheds, garages, workshops.
There is a further detached modern residential property of 6 bedrooms and 3 bathrooms, with its own private garden.
Oak House is located on the edge of Hadley Wood, overlooking Green Belt land and within easy reach of the M25 and overground railway services.
This is an ideal opportunity to design and build a substantial replacement home (STPP) or perhaps a gated development of luxury family homes. Bentley Gardens, a sixteen home project currently under construction, gives an indication of the potential available. Bentley Place, a development of 9 luxury homes, was completed in 2016.
LOCAL AUTHORITY: HERTSMERE BOROUGH COUNCIL
BAND G
CHAIN FREE.
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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