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£7,000,000 Guide Price
Bedrooms
Bathrooms
Discreetly situated behind security gates, a unique opportunity to purchase a magnificent unmodernised Manor House spread over approximately 6.7 acres of delightful countryside but yet within the M25 and therefore excellently located for all the amenities that Central London has to offer.
The main house comprises approximately 7655sqft/711sqm of internal accommodation over 2 floors. The is secondary accommodation includes two staff cottages adjacent to the main house, together with a security lodge.
The gardens and grounds are magnificent and include a private lake an outdoor swimming pool with changing rooms and a tennis court.
Stanmore Common is superbly situated for both private and state schools including Haberdashes, Harrow School, North London Collegiate School and St Margarets.There is also excellent sporting and recreational activities in the area including Hartsborne & Stanmore Golf clubs, Stanmore Cricket Club, riding stables and sailing at Aldenham Park.
The Cedars offers an incumbent purchaser the chance to create a truly special Country Estate within easy reach of Central London. Stanmore station (Jubilee line) underground station is only 1.8 miles away, Bushey station (London overground) 2.7 miles away and the A41, M1 and M25 all located nearby. London Elstree Aerodrome is only 2.6 miles away and London Luton Airport 20 miles away.
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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