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£1,150,000
Bedrooms
Bathrooms
Situated on the corner of two of Potters Bars most sought after roads is this delightful Corner style detached family home.
The home features a large entrance hall with cloakroom and downstairs WC. It has a large lounge, family room, and an open plan kitchen with dining and sitting area, plus separate utility room and garage / workshop.
The first floor benefits from four double bedrooms, a family bathroom, plus a recently remodelled en-suite Jack & Jill shower room, and a study with views over the front aspect. Externally the home has a wrap around garden, off street parking for two cars with potential for a larger driveway,
The home is ideally located just moments from Darkes Lane with its array of shops and restaurants. It is well served for schools including the well renowned Dame Alice Owens School, Chancellors and Mount Grace schools.
The M25 is available at junctions 24 and 23 with the nearby A1M and M1 connecting to the national motorway network. There is good access to Stansted, Luton and Heathrow airports.
Potters Bar railway station (First Capital Connect) is a short walk away, and has a fast service to Kings Cross in just 17 minutes and Moorgate stations. The nearest underground station is High Barnet (Northern Line) with Cockfosters (Piccadilly Line) approximately 2.5 miles south.
The surrounding countryside provides for numerous leisure activities to include riding, walking as well as several golf courses and areas of historical interest. There are several delightful country pubs and restaurants nearby
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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