3 bedroom terraced for sale

£550,000

3

Bedrooms

2

Bathrooms

Floorplan

Kings Group are delighted to present this SPACIOUS THREE BEDROOM TOWNHOUSE, LOCATED IN ONE OF THE AREAS MOST POPULAR DEVELOPMENTS.

Welcome to your new three-storey townhouse a modern and well-laid-out home designed with space, comfort, and functionality in mind.

As you step through the front door, youre greeted by a welcoming entrance hall that sets the tone for the rest of the house. The hallway leads you into a bright and spacious kitchen area, The kitchen is fitted with modern appliances, ample counter space, and sleek cabinetry. To the front of the house is the dining room, which comfortably accommodates a good-sized table and chairs. The ground floor also includes a convenient downstairs WC.

Heading upstairs to the first floor, youll find a generously sized lounge to one side a cozy and relaxing space, perfect for unwinding in the evening or enjoying time with family. Opposite the lounge is the first bedroom, which could serve as a guest room, childs room, or even a home office depending on your needs.

On the top floor, youll discover the master bedroom, a true retreat with ample space for a king-sized bed and additional furniture. It also benefits from its own en-suite bathroom, offering privacy and convenience. Also on this level is the third bedroom, ideal for a child, guest, or hobby space, as well as the family bathroom, stylishly finished with modern fittings.

To the rear of the property is your private rear garden a lovely outdoor space ideal for barbecues, a morning coffee, or letting kids play. Whether you have a green thumb or prefer low-maintenance landscaping, theres room to make it your own. The property also comes with a GARAGE and DRIVEWAY providing parking for two cars.

Location - Located in the heart of the town centre this beautiful property is surrounded by everything a home owner needs in a new home. Ranging from local high street shops, popular restaurants, Tesco Supermarket, banks, cafes any many more high street shops and business, a new owner would struggle to find a better situated proeprty for day to day life needs. With the property being in the Town centre not only does it have local shops near by, you will also benefit from being walking distance to Laura Trott Leisure Centre, Cheshunt Community Hospital, Lea Valley Park and Cheshunt Community Sports Park.

Travel Links - Glen Luce also offers fantastic commute links, with Cheshunt Station being under a 15 minute walk away there are regular services to London Liverpool Street via Tottenham Hale, in under 30 minutes and Greater Anglia Service trains to destinations like Cambridge, Stansted Airport, and Hertford East. Alternatively you can use Theobalds Grove Station which is also just a 15 minute walk away which serves the route between Liverpool Street and Cheshunt (via Seven Sisters). In addition to the public transport links the A10 and M25 are also accessible in under 5 minutes.

Local Schools - With the property being ideal for a family, local schools may be an important criteria in your search which in addition the above that Glen Luce offers, you also have some of the areas most sought after and popular schools such as Arlesdene Nursery School and Pre-School, Burleigh Primary School, Downfield Primary School and Goffs - Churchgate Academy, with many more within a mile radius offering a huge choice of schools to choose from.

Council Tax Band - E
Construction Type - Standard (Brick, Tile)
Flood Risk - Rivers & Seas: Very Low, Surface Water: Very Low



Features
  • Freehold

Mortgage Calculator

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

Monthly Payment: £2,378.57

Total Interest: £306,284.39

Overall Total: £856,284.39

Amortization For Monthly Payment: £2,378.57 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£17,438.07 £11,104.74 £538,895.26 
2026£17,077.46 £11,465.35 £527,429.90 
2027£16,705.14 £11,837.67 £515,592.23 
2028£16,320.73 £12,222.08 £503,370.15 
2029£15,923.83 £12,618.98 £490,751.17 
2030£15,514.05 £13,028.76 £477,722.41 
2031£15,090.96 £13,451.85 £464,270.55 
2032£14,654.13 £13,888.68 £450,381.87 
2033£14,203.12 £14,339.70 £436,042.18 
2034£13,737.46 £14,805.36 £421,236.82 
2035£13,256.68 £15,286.14 £405,950.68 
2036£12,760.28 £15,782.53 £390,168.15 
2037£12,247.77 £16,295.05 £373,873.10 
2038£11,718.61 £16,824.21 £357,048.90 
2039£11,172.27 £17,370.55 £339,678.35 
2040£10,608.18 £17,934.63 £321,743.72 
2041£10,025.78 £18,517.03 £303,226.69 
2042£9,424.47 £19,118.34 £284,108.35 
2043£8,803.63 £19,739.18 £264,369.17 
2044£8,162.63 £20,380.18 £243,988.98 
2045£7,500.81 £21,042.00 £222,946.98 
2046£6,817.50 £21,725.31 £201,221.67 
2047£6,112.01 £22,430.81 £178,790.87 
2048£5,383.60 £23,159.21 £155,631.65 
2049£4,631.54 £23,911.28 £131,720.38 
2050£3,855.05 £24,687.76 £107,032.62 
2051£3,053.36 £25,489.46 £81,543.16 
2052£2,225.62 £26,317.19 £55,225.97 
2053£1,371.01 £27,171.80 £28,054.17 
2054£488.65 £28,054.17 £0.00 

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

£ 443,950

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 29,970

Cumulative Rental Profit

£ 299,703

Cost of Purchase

£ 31,450
  • Stamp Duty
    £ 15,000

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

  • Refurbishment Budget
    £ 13,750
  • 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

£ 36,030
  • Mortgage Interest
    £ 19,978

    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)
    £ 8,712
  • Letting Fee
    £ 240
  • Maintenance
    £ 6,600
  • 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

£ 614,145
  • Final Equity Profit
    £ 314,442

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

  • Cumulative Rental Profit
    £ 299,703

    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

£ 895,892

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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