4 bedroom apartment for sale

£2,400,000

4

Bedrooms

2

Bathrooms

Floorplan

FULL DETAILS This is a truly unique opportunity to purchase a 3244 square foot, four-bedroom split-level maisonette spanning two full floors of a double-fronted Victorian mansion. Included is separate Freehold land with an existing garage, offering the perfect space to build a house. The building, originally constructed in 1886 and converted in 1953, is located just a five-minute walk from Highgate Station, blending historic charm with modern potential in an unbeatable location.

There is planning permission approved on the flat to add an extra two ensuite bedrooms or gym and playroom in the front part of the lower ground floor (HGY/2024/0440). For the land there is potential for the demolition of the existing garage and construction of a self-contained house with rear living terrace.

The property boasts original 52ft lounge with 13.5ft ceilings and stunning stucco work, and working fireplaces in both lounges with beautiful red marble fireplace. Terazzo hallway floor. French pammet floors in huge newly installed German kitchen with Falcon cooker and hood, Amana American double fridge, walk in larder with original slate worktops. All opens out onto huge York stone terrace overlooking fishpond and large manicured gardens.

All Duravit sanitary ware and taps in flat finished to very high standard throughout with F&B decoration. New CH unit with massive Megaflow for constant hot water and Danish Hudevad radiators

There is a driveway with room to park 3/4 cars and a wine cellar with 1,000 bottle capacity.

Highgates three ancient hornbeam woodlands just 2 walk away and Hampstead Heath with womens and mens ponds a few minutes drive. Park Road lido, gym, and swimming pools and nursery schools at the bottom of the road and Crouch End with its excellent shopping, Waitrose, Sainsburys and M&S supermarkets, plentiful greengrocers and fishmongers, bakery and excellent restaurants. Highgate village is a short walk up the hill with its old pubs and ancient square, boutique shops, restauraunts and the famous Highgate School.

The A1 is minutes away and M1(J2) is a short 10 minute drive and Highgate station (Northern line) into central London is just a 5 walk away.

Sold under two separate titles.
Land - Freehold title
Flat Leasehold - 125 years from 25 December 2019
Service charge - NA
Ground rent - NA
Ground rent review period - NA

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

£ 2061950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 60000
  • 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

£ 261950
  • 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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