4 bedroom detached for sale

£1,350,000

4

Bedrooms

3

Bathrooms

Floorplan

A beautifully presented fully detached family home, located within easy reach of Cockfosters high street and backing onto Belmont Open Space ' Four bedrooms ' Two ensuite bathrooms ' Family bathroom ' Three reception rooms ' Fitted kitchen ' Rear garden with 24ft STUDIO/OFFICE ' Off street parking '

Double glazed front door leading into ENTRANCE HALL 158 x 58

Stairs leading to landing, porcelain tiled flooring with underfloor heating, power points, understairs storage cupboard.

UTILITY CUPBOARD : space for fridge and freezer.

GUEST CLOAKROOM : low level flush WC, chrome heated towel rail, wash hand basin, tiled flooring, double glazed frosted window.

RECEPTION ROOM 173 into bay x 142

Double glazed bay windows overlooking front with built in blinds, TV aerial point, power points, gas coal effect fire (not tested) with slate hearth and wooden surround, double radiator, phone point.

FITTED KITCHEN 135 x 139

Base and eye level units, pelmet lighting, granite work surfaces to three sides plus breakfast bar, single sink with milled drainer and boiling water tap, 1100mm gas range cooker, Belling extractor fan and light above, space for American style fridge freezer, integrated washing machine, tumble dryer and dishwasher, double glazed window overlooking rear garden, roof light, porcelain tiled flooring with underfloor heating, double glazed door leading onto rear garden, open to

RECEPTION ROOM 150 x 128 max

Double glazed double doors leading onto rear garden, porcelain tiled flooring with underfloor heating, power points.

RECEPTION ROOM 1111 x 72

Double glazed window overlooking front with built in blinds, porcelain tiled flooring with underfloor heating.

LANDING : stairs leading to second floor, cupboard housing gas central heating boiler, copper cylinder and shelving.

BEDROOM 127 into bay x 144 max

Double glazed bay windows overlooking rear gardens and Belmont Open Space, range of wardrobes, Kardean flooring, double radiator, door to

ENSUITE SHOWER ROOM : vanity unit with wash hand basin, walk in shower, tiled walls, double glazed frosted window, chrome heated towel rail.

BEDROOM 144 x 140 max

Double glazed window overlooking front with built in blinds, Kardean flooring, double radiator, range of wardrobes, power points.

BEDROOM 113 x 76
Double glazed window overlooking front with built in blinds, Kardean flooring, double radiator, power points.

SHOWER ROOM : walk in shower, tiled flooring with underfloor heating, vanity unit with wash hand basin, chrome heated towel rail, tiled walls, double glazed frosted window.

SEPARATE WC : low level flush WC, tiled flooring, double glazed frosted window.

Stairs leading to second landing : double glazed window overlooking rear gardens and Belmont Open Space, eaves storage, double radiator.

WC : low level flush WC, corner mounted wash hand basin, chrome heated towel rail, tiled flooring, Velux window.

BEDROOM 1411 x 100
Double glazed windows overlooking front with built in blinds, double radiator, power points, walk in wardrobe with light.

ENSUITE BATHROOM : corner jacuzzi bath, walk in shower, vanity unit with wash hand basin, tiled flooring with underfloor heating, tiled walls, double glazed window overlooking rear gardens and Belmont Open Space, chrome heated towel rail.

REAR GARDEN : York stone terrace with gated access to one side and storage area to other side, brick built barbeque and fireplace, garden mainly laid to lawn with mature borders, outside light and power, gate to rear leading onto Belmont Open Space.

INSULATED STUDIO/OFFICE 241 x 99

Currently arranged as a pilates studio with air conditioning, underfloor heating, power, light, internet booster.

FRONT OF PROPERTY : block paved off street parking.

TENURE:FREEHOLD

LOCAL AUTHORITY: BARNET

COUNCIL TAX BAND: G

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1125200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 33750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 112700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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