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£425,000
Bedrooms
Bathrooms
Situated in the heart of the sought-after area of N11, this spacious three-bedroom converted flat offers a perfect blend of period charm and modern convenience. Nestled within a picturesque residential street, this property presents an ideal opportunity for those seeking a spacious home in a vibrant community.
Key Features:
- Spacious Reception Room:Spacious reception room boasting high ceilings, period features, and ample natural light. This inviting space serves as the perfect setting for entertaining guests or simply relaxing with loved ones.
- Modern Kitchen: The property features a contemporary kitchen, and ample storage space. Whether youre a seasoned chef or just enjoy whipping up a quick meal, this kitchen provides everything you need to unleash your culinary skills.
- Three Well-Proportioned Bedrooms: The flat comprises three generously sized bedrooms, each offering comfort, privacy, and plenty of natural light. The versatile layout provides ample space for families, professionals, or those in need of a home office.
- Bathroom: The property boasts athree piece bathroom suite.
- Convenient Location: Situated on Holly Park Road, this property enjoys excellent transport links, with nearby bus routes andArnosGrove Underground Station (Piccadilly Line) and New SouthgateOvergound within easy reach. Additionally, the area boasts a wealth of amenities, including shops, restaurants, parks, and schools, ensuring all your daily needs are catered to.
- Period Charm: Retaining many original features, fireplaces, and decorative moldings, this converted flat exudes charm and character, providing a unique living experience that is sure to impress.
- Additional Benefits:The property is a share of freehold and is availablechain free.
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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