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£600,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 600,000 - 625,000
Located in a quiet cul-de-sac this extended five bedroom semi-detached immaculate home is perfectly situated in the sought-after Cookson Grove in the popular Northumberland Park. The entire property is well presented and well maintained by the current owners with the ground floor featuring an entrance hall, cloakroom WC, spacious sitting room, open plan kitchen, dining family room with bi-folds leading to the garden. The stairs from the hall lead to the first floor where five bedrooms can be found, with the smallest making an ideal guest room or home office. The large main bedroom benefits from an en-suite shower room and the family bathroom completes the first floor accommodation. Externally the well-stocked rear landscaped garden is a low maintenance oasis and a tranquil retreat after a long day, this leads to the garage which is currently used as a store with parking in front, plus, there is also a driveway for off street parking to the front of the property. Just some of the additional benefits include double glazed windows and a gas central heating system. Situated within a quiet cul-de-sac the property is tucked away from the hustle and bustle, offering a serene and peaceful environment. This home is ideal for families seeking a modern home in close proximity to popular local schools and conveniently located near excellent transport links, commuting to prominent neighbouring towns and London city is a breeze.
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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