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£1,150,000
Bedrooms
Bathrooms
Potterswood House Potterswood House is a contemporary, gated six-bedroom detached family home, originally built over 20 years ago and extensively modernized by the current owners.
This property is ideally situated near Potters Bar Station and High Road, offering an excellent combination of convenience and accessibility. Ground Floor The ground floor features a stunning kitchen diner, complete with high-quality units, granite countertops, integrated appliances, and a separate utility area for added convenience. This inviting space serves as the heart of the home, enhanced by a living area and a bright conservatory, perfect for family gatherings and entertaining.
Additional ground-floor amenities include a cozy family room, a cloakroom/WC, and an integral garage currently utilized as a storeroom, with the potential for various uses.
First Floor A spacious landing leads to four double bedrooms, including a luxurious principal bedroom with its own en-suite shower room. A large family bathroom, complete with a bath and a walk-in shower, serves the remaining bedrooms, providing both functionality and style.
Top Floor The top floor offers two additional double bedrooms and a sleek, modern shower room, making this an ideal space for guests, teenagers, or a home office setup.
Outdoor Space The rear garden is designed for low-maintenance living, featuring a decked patio area, raised planters, and a decorative lawn. At the front, a substantial driveway with electric gates provides private access to the garage and ample parking for multiple vehicles.
Location Nestled in the heart of Potters Bar, this sought-after location offers proximity to local shops, restaurants, and green spaces such as Oakmere Park and Parkfield. Sports enthusiasts will appreciate the nearby football, tennis, and cricket clubs. Potters Bar mainline station, just a five-minute walk away, provides fast train services to Kings Cross and Finsbury Park.
The property also boasts easy road access to the M25 and A1(M). Families will benefit from the array of highly regarded schools nearby, including Ladbrooke JMI, Cranborne Primary, Lochinver House, Stormont, Little Heath Primary, Pope Paul Catholic Primary, Dame Alice Owen, and Mount Grace Secondary Schools. Potterswood House offers the perfect blend of modern living, accessibility, and family-friendly amenities.
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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