2 bedroom penthouse for sale

£1,000,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan


SUMMARY
'' GATED DEVELOPMENT '' TWO BEDROOMS -- PENTHOUSE APARTMENT '' HIGH SPECIFICATION THROUGHOUT '' BIOFOLD DOORS OPENING TO TWO BALCONIES '' TWO ALLOCATED PARKING SPACES '' STANMORE STATION LESS THAN 10 MINUTES AWAY '' MODERN INTERIOR '' UNDERFLOOR HEATING ''


DESCRIPTION
Elizabeth Grove is a stunning, high specification, penthouse apartment with two bedrooms, allocated parking, contemporary style kitchen, underfloor heating throughout with controls accessible physically or through the cloud, and bespoke fitted wardrobes to the bedrooms. This modern private, gated development is set within leafy private grounds and the architecture is carefully crafted and timeless, blending with the established, tree-lined surroundings.

The apartment has a spacious open-plan living space with biofold doors opening onto two balconies, and is finished with a quality interior specification including a full range of integrated kitchen appliances. The master bedroom has a luxurious ensuite and a walk-in dressing room complete with hand-built bespoke fitted wardrobes. The second bedroom has hand built fitted wardrobes and the bathroom high end fittings.

The apartment benefits from allocated parking and is in close walking distance of Bushey Heath, which offers a range of shops, cafes and restaurants for day-to-day needs. A little further on, Bushey itself has a village feel, with its duck pond and green, also offering many independent shops and eateries. For a more extensive retail experience, Atria in Watford and Brent Cross offer a huge choice. The outdoors is easily accessible with open spaces such as Stanmore Common, Merry Hill and Bentley Priory Nature Reserve all close by, as well as several golf courses and country clubs.

Entrance Hall
Stairs from first floor, video entry telecom, underfloor heating, storage cupboard.

Lounge/Dining/Kitchen34 1' max x 21 8' max ( 10.39m max x 6.60m max )
Two biofold doors to two balconies with front and side aspects, wood flooring, underfloor heating, television point, bluetooth Sonos Speaker system, Open plan to kitchen.

Kitchen
Window to side aspect, contemporary style units in a mix of painted and oak finishes, stone worktops, stainless steel one and a half bowl under-mounted sink, sink tap with flexi hose, porcelain floor tiles, full height integrated fridge, wine fridge, full height integrated freezer, integrated washing machine, integrated Siemens dishwasher, microwave, electric ceramic hob with built in extractor fan, Siemens electric oven, island unit, compartmentalised recycle storage bins.

Bedroom One12 6' max x 12 6' ( 3.81m max x 3.81m )
Window to front aspect, wrap-around walk-in eves storage cupboards housing media room supporting Sonos music system, television point, underfloor heating.

En-Suite
Built-in joinery vanity unit with washbasin and storage, stone worktop, wall mirror with feature lights, walk-in shower cubicle, wall-mounted WC with soft closing seat and dual flush controls, chrome heated towel rail and window to front aspect.

Dressing Room
Walk in wardrobe dressing area with hand-built contemporary design bespoke joinery fitted wardrobes, drawer unit, dressing table/desk and window to side aspect.

Bedroom Two12 10' max x 11 10' ( 3.91m max x 3.61m )
Window to side aspect, hand-built contemporary design bespoke joinery fitted wardrobes, television point, underfloor heating.

Bathroom
Built-in joinery vanity unit with wash hand basin and storage, stone worktop, wall mirror with feature lights, wall-mounted WC with soft closing seat and dual flush controls, bath with mixer taps, chrome heated towel rail and window to side aspect.

Outside
Video phone entry system
Entrance door with multipoint locking system, secure electric entrance gates, with number plate recognition, communal areas have secure CCTV cameras, parking spaces have the infrastructure installed for electric car charger points.

Parking
Two allocated parking spaces.

Other
The property is held under a 999 year Lease from 1 January 2021.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

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

£ 818950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 25000
  • 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

£ 68950
  • 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

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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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