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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
The private entrance has stairs leading to the first floor. The reception room has period fireplace and views over the City. The kitchen has been fully opened up, a bright and spacious family room with lots of entertaining space. Light floods in from the windows from the front, rear and side, with views both towards the City and over the mature trees as the garden backs directly onto the wooded area of The Grove. The large double bedroom has the wonderful views over the garden. The smart family bathroom has a window to the rear and there is a separate w.c. Stairs lead to the second floor to the main bedroom with built in storage and window looking out over the treetops, the third bedroom has skylights to the front and back, there is lots of space and storage in the eaves. Planning permission was granted (now expired) for a rear dormer and current planning for shower room with w.c, that allows the new owner potential to extend.
Outside
The garden is accessed via a staircase from the kitchen, there is a decked area, ideal for Al-fresco dining, a good sized lawn with mature trees and shrubs at the borders, further towards the back of the garden is another large area which would be ideal for a home office. The amazing views from the garden are of the large leafy green trees.
Situation
Springfield Avenue is a quiet non through road close to the Broadway with an excellent variety of shops and restaurants. Within catchment of Muswell Hill Primary 0.063miles. A sought after location, popular with families and downsizers.
Share of Freehold
Property Ref Number:
HAM-52984Your 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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