5 bedroom detached for sale

£1,875,000

5

Bedrooms

4

Bathrooms

Floorplan

Havilands are delighted to offer For Sale this exceptional FIVE BEDROOM DETACHED HOUSE on Wades Hill, N21. Situated in the heart of Winchmore Hill, just moments from The Green, the property offers approximately 3,152 sq. ft. of living space across three floors, complemented by a generous rear garden of approximately 90.

Within walking distance of Winchmore Hill Mainline Station (Moorgate approx. 30 mins) with Overground, Underground, and Thameslink connections, the home also provides ease of access to the A10 and A406 for central London and Greater London. The ground floor comprises two reception rooms, a high-spec kitchen, utility room, playroom, office, library/prayer room, and WC. The first floor features three bedrooms, including two with en-suites and dressing rooms, plus a family bathroom. The second floor offers two further bedrooms, a bathroom, and eaves storage.

Finished to a superb standard, the property includes underfloor heating in the lounge, kitchen and office, a Nobilia German kitchen with granite worktops, Quooker Flex tap, electric rooflight, Megaflow system, aluminium canopy, Stone Abbey balustrades, Canadian softwood oak stairs, new double glazing, fully insulated render, and a new slate roof. Off-street parking is available for up to three vehicles.

Close to Grovelands Park, local shops, and within catchment for St Pauls CofE Primary and Winchmore School, viewing is highly recommended.

Property Information:
Tenure: Freehold
Local Authority: Enfield Borough
Council Tax: Band G (3606.70 25/26)
EPC Rating: Current 53(E); Potential 81(B)



Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1592075

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 46875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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£

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.

Annual Costs

£ 185825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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