Darkes Lane, Potters Bar, EN6

1 /2
Available / For Sale

Hamptons Sales, Totteridge & Whetstone

1370 High Road, Whetstone, London

6 bedroom detached for sale

£3,200,000 Guide Price

6

Bedrooms

3

Bathrooms

Floorplan

Built in 1908 by Sir Bannister Fletcher (president of the Royal Institute of British Architects), this delightful home sits prominently on a beautiful plot of approximately 0.75 acres. This grand detached Edwardian dwelling has been planned and extended over time to provide the perfect family home. It is a stunning example of a modernisation programme incorporating the aesthetic elements of a period Edwardian property with high ceilings, beautiful period features, wooden flooring and generous proportions throughout. Modern day luxuries blend in seamlessly to incorporate a wonderful hand crafted kitchen breakfast room which is filled with light from above with an electric skylight and is fitted with an Aga, modern integrated appliances and a stunning Brazilian granite work surface. Further ground floor accommodation provides a delightful triple aspect drawing room which overlooks the beautifully maintained and private rear gardens, a well proportioned family room with 108' cinema screen, a dining room to the rear elevation with a spiral wine cellar and a fully equipped utility room. The bright and spacious first and second floors provide versatile family accommodation providing 6 bedrooms (one fitted as a study), 3 luxurious bathrooms (one en suite to the principal bedroom) and a dedicated laundry room.

Outside

The plot itself is extremely wide and provides stunning front and rear gardens which include various ponds and water features, an all weather tennis court, a Naturalistic heated swimming pool with an air source heat pump and a Larchwood sun area. There is a double garage with electric doors and rear access to the garden. For teenagers Tiverton also provides the perfect getaway, a lovely summer house which is currently used as a gym/games room. To the front aspect set back from the road by natural screening the house further benefits from off street parking for several vehicles on the gravel driveway.

Situation

Potters Bar mainline station is a short walk (approximately 5 minutes) with fast links into London Kings Cross (20 minutes). Junction 23 of the M25 and the A1(M) are approx 2 miles away.
Local amenities include Wyllyotts theatre and within a few hundred metres Revive Fitness & Spa and Potters Bar golf course. Potters Bar tennis club is also close by.

Educational facilities in the area include Stormont, Lochinver, Dame Alice Owen, Queenswood, Queen Elizabeth Boys, Haberdashers Askes Boys and Girls Schools, St Johns, St Albans Schools for Boys and Girls and Haileybury.

Property Ref Number:

HAM-0170

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

£ 2777950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 80000
  • 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

£ 377950
  • 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

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  %
  %
£
  %

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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