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£950,000
Bedrooms
Bathrooms
Gibbs Gillespie are delighted to offer you this beautifully refurbished and extended three bedroom bungalow in Stanmore.
This home is offered in excellent decorative order throughout and offers an abundance of living space and natural light throughout.
Upon entering the property there is a spacious entrance hallway with two bedrooms on either side. Also off the hallway there is a full bathroom and utility room. To the rear of the property is a stunning open plan kitchen and reception area with bi-folding doors that lead out to the terrace and garden beyond.
Features downstairs include Lutron lighting, underfloor heating, air conditioning and electric blinds on the bi-folding doors. The kitchen has been fitted with a hot and cold Quooker Tap, a split gas and induction hob for flexibility and full length fridge and freezer.
To the first floor youll find the principal bedroom suite which features a walk-in wardrobe and lovely en-suite shower room.
In the garden there is a lovely outhouse which is heated and alarmed and to the front of the property there is off street parking for 3 cars.
Situation
Stanmore is a leafy, tranquil suburb in North-West London situated between Edgware and Bushey. The last stop on the Jubilee line, a journey to Bond Street from Stanmore takes 31 minutes.
As an area Stanmore boasts an abundance of greenery, charming commons and acres of Green Belt. It is one of North West Londons most desirable areas due to its boutique cafes, shopping facilities, and location to prominent state and private schools which include Haberdashers Askes, North London Collegiate, St. Margarets, and Stanmore College.
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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