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£1,500,000 Guide Price
Bedrooms
Bathrooms
Enjoying a tranquil setting in one of Stanmores finest streets is this beautiful four-bedroom, detached family home. The property is situated in a quiet cul-de-sac forming part of the historic Old Lodge Estate which benefits from expansive views of Bentley Priory Nature Reserve.
The property encompasses a spacious entrance hallway that flows elegantly into the bright and spacious open-plan reception and dining rooms with double doors leading out to a well-maintained garden spanning over a 100ft. There is a large, well-presented fitted kitchen with breakfast bar area and additional space for a sitting room. Following up to the first floor are three large double bedrooms with the principal bedroom benefiting from an ensuite bathroom, fantastic viewings of Bentley Priory nature reserve and completing the first floor is a family bathroom. The second floor contains another double bedroom with scenic views.
Externally, there is off street parking for multiple vehicles and a garage. To the rear aspect is an elegant and landscaped garden with patio area, mature trees and shrubs that is perfect for alfresco dining. The property benefits from substantial scope for further extension (STPP).
Dearne Close is well positioned for easy reach of Stanmore Golf Club, Hartsbourne Country Club and The Grove. There are numerous excellent private and state schools in the vicinity including North London Collegiate, Avanti House, Haberdashers and Merchant Taylors. Furthermore, local amenities are easily accessible, offering excellent transport facilities with links to London with Stanmore Underground Station being under 0.8 miles away and the A41, M1 and M25 all located nearby.
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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