6 bedroom terraced for sale

£1,050,000

6

Bedrooms

2

Bathrooms

Floorplan

This wonderful family home, located on one of the areas most prestigious roads, offers 2,350 sq. ft. of living space across three floors. It boasts six double bedrooms, two four-piece bathrooms, and 35ft South West facing garden.

Ideally situated within the catchment area for some of the countrys most renowned schools, the property is close to excellent primary and secondary schools, including Foulds & Christchurch Primary, QE Boys Grammar, QE Girls Secondary, and Barnets new Ark Pioneer Academy.

The modern day living space features a beautifully fitted kitchen with a breakfast area, an island with integrated dishwasher, a Quooker hot & filtered water tap. A Neff induction hob, underfloor heating, large windows, and patio doors that open to the garden, flooding the room with natural light. A Bosch washing machine and tumble dryer are conveniently housed in the laundry cupboard. Two separate reception rooms with high ceilings and a bay window at the front provide ideal spaces for relaxation, featuring strip wood floors, a feature fireplace, and a wood burner for cozy evenings. The ground floor also includes a guest cloakroom and access to a basement cellar with a sink, previously used as a darkroom. Ample inbuilt storage space can be found throughout with a loft in addition to eaves space in the attic.

Nestled on the edge of Greenbelt countryside, with Hadley Woods and the Totteridge cycle paths on the London Loop nearby, the property offers a peaceful retreat. The local area boasts charming country pubs and restaurants, with further amenities available in the nearby town centres of Cockfosters and High Barnet. High Barnet is an excellent neighbourhood for raising a family, with a variety of coffee shops, Gails Bakery, and The Spires shopping precinct, home to Waitrose, H&M, Anytime Fitness gym, and a vibrant Saturday food market. Additionally, the London Underground is within walking distance, offering a quick 25-minute journey to Kings Cross, making it perfect for commuting or enjoying the nightlife in the West End and City.

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

£ 862700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 26250
  • 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

Adjust these figures

£

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

£ 75200
  • 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.

£

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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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