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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
This deceptively spacious detached family home, located in a quiet residential cul-de-sac, boasts a charming covered patio overlooking an 80ft garden and a gravelled frontage that offers off-street parking.
The property is exceptionally well-presented throughout, offering a flowing layout that begins in the entrance hall with a skylight. From here, access is provided to the living room, kitchen, two of the five bedrooms, and a ground-floor shower/wet room. The generously proportioned reception/lounge features a fireplace, bespoke built-in cupboards, hardwood flooring, and multiple glazed doors leading to a conservatory/reading room, the covered patio, and the garden. The beautifully appointed kitchen, with its pitched ceiling and Velux windows that flood the space with natural light, is fitted with integrated appliances, a wood worktop island, and expansive work surfaces.
Two bedrooms are located on the ground floor, with a shower/wet room providing dual basins and underfloor heating. The first floor accommodates three additional bedrooms and another shower room. The tiered garden includes a covered patio, circular sculptured lawns, and a seating area perfect for enjoying the evening sun.
Situated in a desirable area of New Barnet, the home is ideally placed near a number of well-regarded schools, including JCoSS, Cromer Road Primary, Ark Pioneer Academy, Queen Elizabeths Girls School, and Queen Elizabeths Grammar School for Boys. High Barnet town centre is nearby, offering a variety of high-street shops, while The Spires shopping precinct features Waitrose and an Anytime Fitness gym. The property is also conveniently located for transport, with High Barnet Underground station (Northern Line, Zone 5) and New Barnet mainline station providing easy access to Londons City and West End.
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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