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£920,000 Guide Price
Bedrooms
Galaxy Real Estate presents a freehold unbroken versatile building comprising a ground floor shop/ Commercial Unit with 5 bedroom accommodation spread over first floor and second floor. The Shop unit comes with a kitchen area, a large back office, a backyard and three W/Cs. This lucrative investment is located on a prime location of Watford Road, Wembley offers further development (STPP).
The property comprises a mid-parade building arranged on ground and two upper floors. Currently the ground commercial unit is vacant and ideal for various business ventures. With large display windows, ample natural light, and high foot traffic, this space offers an excellent opportunity for business growth. For investment purposes, arental of 2,000 PCMcan be easily achieved.
Ascending to the first floor, there is a comfortable living space featuring an open-plan kitchen, dinning and living area. This floor also includes, ideal for a small family or guests, and a bathroom.
The second floor offers three additional bedrooms, ideal for childrens rooms or guest accommodations. This floor also includes a bathroom for added convenience.
For investment purposes, this 5 bed accommodationis fully occupied and generating a low rentalincome of 2,200 PCMat present. We are predicting the rent can be achieved around 4,500 PCMif the property is LET out as HMO.
This property is highly versatile, offering the unique combination of commercial and residential space, perfect for those looking to live and work in the same location. There is a huge potential for further development of 3rd Floor (STPP).
Blending the best of both worlds, this maisonette provides a dynamic space for business on the ground floor while offering comfortable and spacious living quarters above. It is ideal for a business owner looking to maximize their investment or for a family seeking a home with additional income potential.
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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