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£875,000
Bedrooms
Bathrooms
Mimms Hall Road, Potters Bar, EN6
Guide Price: 875,000.00
Freehold | 5 Bedrooms | 3 Bathrooms | Annexe | Outbuilding | 186.2 m / 2005 ft total area
This beautifully presented and spacious FOUR / FIVE BEDROOM family home offers versatile accommodation, ideal for modern family living. Located within excellent school catchment areas and close to local amenities and transport links, this property combines comfort, convenience, and flexibility.
Main House
The ground floor features a welcoming entrance hall, separate lounge with a bay window to the front, perfect for relaxing evenings. To the rear is an impressive open-plan kitchen/diner with a large island unit, integrated appliances, and bi-fold doors opening onto the garden a perfect space for entertaining and family gatherings.
Upstairs, the first floor offers two well-proportioned double bedrooms and a single bedroom, plus this superb modern family bathroom. The loft has been recently convererted and boasts a spacious loft room master bedroom with an en-suite shower area, ideal as a principal suite or guest room.
Annexe
A separate self-contained annexe provides superb flexibility for multi-generational living, home office use, or rental potential. It includes a lounge, kitchen, bedroom, bathroom, and separate utility room, offering complete independence.
Outbuildings
The garden includes an additional outbuilding featuring a games room and workshop, perfect for hobbies, a gym, or home studio.
Exterior
The rear garden is private and low-maintenance, with ample space for outdoor seating and entertaining. The property also benefits from off-street parking with resin drive and side access.
Location
Mimms Hall Road is a popular residential street in Potters Bar, ideally positioned for families seeking access to highly regarded local schools, parks, and shops. Potters Bar Station provides fast and frequent services into London, while the M25 and A1(M) are easily accessible
Map location is not available for this property.
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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