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£550,000
Bedrooms
Bathrooms
KINGS GROUP offer on the charming Chestnut Road in Enfield, this delightful end-terrace house, built in the 1930s, presenting a perfect blend of character and modern convenience. With three well-proportioned bedrooms and two bathrooms, this property is ideal for families or those seeking extra space.
The heart of the home is a spacious reception room that welcomes you with warmth and light, leading seamlessly into a rear extended kitchen. This extended kitchen is not only functional but also provides a wonderful space for entertaining or enjoying family meals. The property boasts an upgraded combi boiler, ensuring comfort and efficiency throughout the seasons.
Outside, you will find a driveway that offers convenient off-street parking, along with a garage that presents ample storage options. For those with an eye for potential, there is significant development opportunity to extend onto and also into the loft, subject to planning permission, allowing you to tailor the home to your specific needs.
Situated in a prime location, this freehold house is just a short distance from both Enfield Lock and Waltham Cross stations, providing excellent transport links to London City. The surrounding area is rich with local amenities, parks, and schools, making it a desirable place to live.
Freehold
Standard Construction
Low Flood Risk
Potential Rental Value 2,500 PCM
EPC Band D
Council Band C
BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of 60 for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
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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