4 bedroom flat for sale

£1,500,000

4

Bedrooms

3

Bathrooms

Floorplan

FULL DETAILS A 2046 square feet four bedroom and three bathroom duplex flat that is situated within 0.2 miles of Ofsted rated Outstanding Coleridge primary school and 0.7 miles to Highgate underground station (Northern Line).

This home is being sold with the entirety of the Freehold which comprises of three flats (including this home). The top floor flat has a lease of circa 175 years remaining and the 1st floor flat circa 50 years remaining which makes it a fantastic investment opportunity. There is planning permission granted for the creation of an outhouse at the rear of the garden (HGY/2023/1038) and for a basement conversion and reconfiguration of the ground and raised ground floors. These are included on the marketing and by separate request.

The flat itself is incredibly grand boasting original period features including cornicing mouldings, high ceilings, wood floors and large bay windows. The raised ground floor comprises a front reception room with a huge bay window flooding the space with natural light, a rear dining room overlooking Coolhurst Tennis Club and a eat in kitchen with a conservatory dining area boasting stunning views. The ground floor has four bedrooms with three ensuite shower rooms, a guest w.c. and storage.

The home is located within easy reach of Crouch Ends vibrant Broadway and is also walking distance from Highgate Village. There are excellent transport links with Highgate and Archway Northern Line underground stations or Crouch Hill British Rail station, which is only 0.6 miles away. Crouch End is blessed with reliable local bus services providing superb links across town. The green open spaces of Waterlow Park and Hampstead Heath are only minutes away. It is also within walking distance to the areas most desirable schools including Coleridge, Ashmount, Whitehall Park and Highgate Wood.

Freehold
Council tax band: F

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

£ 1256450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 37500
  • 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

£ 131450
  • 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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