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£650,000 Offers over
Bedrooms
Bathrooms
INVESTMENT OPPORTUNITY BEING SOLD WITH VACANT POSSESSION
Nestled in the desirable area of Mill Hill East, Finchleys are pleased to offer this Freehold semi - detached house for sale which has been lawfully converted into 2 self contained maisonettes.
Ground floor compromises of 2 bedrooms (double and single), open plan kitchen / lounge and rear garden which includes a brick built 15m2 outhouse with its own electricity supply, the total floor area is 90m2.
First floor compromises of 2 bedrooms, bathroom and open plan kitchen / lounge, further benefits from access to the loft for additional storage. The loft could be converted into a further bedroom (STTP), the total floor area is 85m2.
Additionally, the property includes parking for two vehicles, a valuable asset in this sought-after location. Mill Hill East is known for its excellent transport links, green spaces, and a strong sense of community, making it an ideal place to call home.
This investment opportunity is not to be missed, as it combines a prime location with the potential for future growth. Whether you are looking to expand your property portfolio or seeking a family home in a vibrant neighbourhood, this residence on Lee Road is sure to impress.
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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