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£535,000
Bedrooms
Bathrooms
Kings Group LLP welcome to Market, Park Terrace, Bell Lane, Enfield - a charming semi-detached house built in the 1960s that offers a delightful living experience. This property boasts two reception rooms, three well-proportioned bedrooms, and two bathrooms, providing ample space for comfortable living.
Situated in a peaceful neighbourhood, this property offers a serene environment with picturesque views of fields and greenery. The front and rear gardens provide a perfect setting for outdoor relaxation or entertaining guests. Additionally, the storage area leading into the garage offers convenience and extra space for your belongings.
The house features a new boiler installed just 5 years ago, ensuring efficient heating throughout. With a freehold tenure, you can enjoy ownership of this lovely home without any leasehold restrictions. The property is in good condition overall, with spacious bedrooms and a layout that maximises functionality.
Spanning 1,216 sq ft, this home offers a generous living space for you and your family to enjoy. The propertys age adds character and charm, with a touch of nostalgia from the 1960s. The easy access to the garage from the side road or via the garden add to the convenience of this property.
With an Energy Performance Certificate rating of Band D and Council Tax Band C, this home is not only comfortable but also energy-efficient. For those considering investment opportunities, the potential rental income of 2400 per month makes this property an attractive choice. Additionally, the property is conveniently located near Brimsdown, Enfield Lock, and Waltham Cross stations, providing easy access to Tottenham Hale, Seven Sisters, and London City, perfect for commuters and explorers alike.
Nfopp Accredited Agents & ceMAP Mortgage Advisors, we are able to assist you throughout this property journey.
Freehold Property
Potential Rental income PM 2,400
Potential Rental income PA 28,800
Council Band C
EPC Band D
Map location is not available for this property.
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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