2 bedroom flat for sale

£375,000

2

Bedrooms

1

Bathrooms

Floorplan

A Ground Floor garden maisonette converted within this detached building in the characterful surroundings of West Harrow village.

This maisonette has the benefit of a large living room with an attractive feature fireplace and a sliding patio door leading to the rear garden (which is shared between the ground and first floor properties).

The property is well presented throughout with 2 good size bedrooms and a very attractively appointed fully tiled bathroom (with bath and shower cubicle) and a separate cloakroom. The property is heated by gas fired central heating and has double glazed windows

Accommodation

Entrance Hall
Under stairs storage cupboard, central heating radiator

Cloakroom
Comprising a white low level WC, half tiled walls, central heating radiator

Living Room
A lovely room backing onto the garden with a wide sliding patio door to the rear, attractive cast iron fireplace with tiled inserts, coved ceiling, laminate floor, part glazed door to hallway

Kitchen
A range of base storage units under laminate work surfaces, wall mounted storage cupboards, stainless steel single drainer sink unit with mixer tap and space and plumbing for automatic washing machine under, gas cooking hob with electric oven under and cooker hood above, double glazed window and door to the side, inset spot lights to the ceiling, part glazed door from hallway.

Bedroom 1 (Front)
A double bedroom with coved ceiling, angle bay window to the front, central heating radiator.

Bedroom 2 (Rear)
Fitted wardrobe, window to rear

Bathroom
A fully tiled bathroom including a bath and an entirely seperate shower cubicle. Bath with hot and cold water taps, pedestal wash hand basin with hot and cold taps, shower cubicle with glazed door and side screen and 2 tiled walls, central heating radiator, window to side

Front Garden
Left hand side of front garden belongs to Ground Floor Flat (when facing the front of the property)

Rear Garden
Left hand side of rear garden belongs to Ground Floor Flat (when looking from living room)
Garden is laid mainly to lawn

Lease
A term of 189 years from 29/09/1997
Leaving approximately 163 years remaining

Ground Rent
A Peppercorn

Service Charges
There is no set service charge as such as this is a maisonette and the upper and lower properties share the cost of common area maintenance.

Map location is not available for this property.

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

£ 312075

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
    £ 9375
  • 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

£ 30825
  • 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

Adjust these figures

  %
  %
£
  %

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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