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£850,000 Guide Price
Bedrooms
Bathrooms
Reception
This rare, spacious detached property offers an excellent investment opportunity or a versatile family home. Spanning approximately 257.1 sq m (2,767 sq ft), it features seven bedrooms, two reception rooms, four bathrooms, two kitchens, a garden with decked and lawn areas, an outbuilding, a garage, and off-street parking. Located within a 10-minute walk of the High Road and close to local transport links (Headstone Lane and Harrow & Wealdstone stations), it is also near excellent schools. Currently let as a licensed HMO generating 65,000 per annum, this freehold property provides substantial living space and significant potential for comfortable living or rental income.
Internally - Investment Opportunity! This rare detached spacious and versatile property boasts a substantial total area of approximately 257.1 sq m (2,767 sq ft), including a garage and outbuilding. Perfect for families or those seeking a multi-functional home, the layout offers seven well-sized rooms, two reception rooms, multiple kitchens, and outdoor space. With its generous proportions and flexible configuration, the property provides endless possibilities for comfortable living, working, and entertaining.
Externally - Rear garden with decked and laid to lawn area. To the rear is an outbuilding and garage.
Location - Located within a ten-minute walk to the High Road with a number of local shops and amenities. Local transport links include Headstone Lane Station and Harrow & Wealdstone Underground Station are both 0.8 miles away. Local schools include Salvatorian Roman Catholic College 0.3 miles away, Whitefriars School and The Sacred Heart Language College both 0.4 miles away, Kingsley High School 0.7 miles away and Weald Rise Primary School 0.8 miles away.
Additional Information - Council Tax Band F - 3,302.46
Let as a licenced house of multiple occupations with a current rent of 65,000 per annum. Creating a 7.7% Yield.
New Home: Non New Home
Maximum Area (in sq ft) 2325 sq ft
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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