5 bedroom detached for sale

£2,000,000 Offers in excess of

5

Bedrooms

2

Bathrooms

Floorplan

An Edwardian terraced home in good condition, on a popular residential road close to the outstanding local schools and tube. The wide and welcoming hallway has the original tiled floor and leads to the front reception room that has a bright bay window, fireplace and wooden floors that extend to the second reception room that has the period fireplace and French doors open onto the West-facing garden. This room cleverly connects to the kitchen diner, the ground floor flows perfectly, creating a great space for entertaining. The kitchen has recently been renovated and features a smart quartz work top, hot tap and quality integrated appliances, the kitchen has been extended to create a stylish dining area, with high ceilings and large windows and door overlooking the garden. The first floor has three good sized bedrooms, a family bathroom, second w.c and utility cupboard. The second floor features the principal bedroom and study/bedroom. As a natural three-story house, the top landing features a great view down to the hallway. Both have high ceilings and views of the garden and Highgate Woods. The principal bedroom has fitted wardrobes and a bright and spacious ensuite with a double sink, shower, w.c and large skylight.

Outside

West facing garden with a well-maintained lawn, mature plants and shrubs. The garden also features a terrace area ideal for al-fresco dining, approximately 60 ft.

Situation

A tree-lined Avenue, ideally located within walking distance to both Muswell Hill Broadway and East Finchley tube station. In catchment for the outstanding local schools, a highly desirable street.

Property Ref Number:

HAM-1051

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 1703950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 50000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 203950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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