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£1,200,000
Bedrooms
Bathrooms
A rare opportunity to acquire this chain free, locally listed Arts & Crafts detached family home, ideally positioned on the highly sought-after Cassiobury Park Avenue.
Set on a generous plot and extending over 2,800 sq. ft, this substantial property offers tremendous scope for modernisation, making it an ideal project for those looking to create a bespoke family home full of character and charm.
The ground floor provides excellent versatility, featuring multiple reception rooms and a shower room, which could be adapted to form a ground-floor bedroom with en-suite. A spacious kitchen, guest cloakroom, and several large storage cupboards complete this level.
Upstairs, the home features four well-proportioned bedrooms, a family bathroom, an additional W/C, and useful eaves storage.
Externally, the property boasts a wide frontage with ample off-street parking and a generous rear garden, perfect for gardening enthusiasts or future landscaping plans.
Additional features include a garage, original stripped wood flooring, gas central heating, and partial double glazing.
Ideally located within easy reach of Watford Metropolitan Station, Watford Junction, and the vibrant town centre, the property also benefits from proximity to the award-winning Cassiobury Park and highly regarded schools, including Watford Boys Grammar School.
Map location is not available for this property.
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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