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£170,000
Bedrooms
Bathrooms
SUITABLE FOR OVER 60s available from begining of September- A one Bedroom Ground Floor Flat with its own separate entrance away from the main block of Hertswood Court with stunning views over gardens to the front. The property gives the perfect balance of having the support and interaction of a retirement Comunity with a Manager based on site yet affording the independence of living on your own with support on your doorstep if required.
This property is only one of two that has a separate entrance off of Wood Street but also benefits from being set back from the road.
This ground floor flat for OVER 60s has bus stops just around the corner, and offers a range of communal facilities and social activities.
The accommodation is neutrally decorated and includes a bedroom, open plan living room/kitchen plus a shower rooms. In addition the rooms have pull cords which give peace of mind to both occupants and relatives of the residents.
The development has a residents lounge and laundry, as well as gardens and parking facilities. Service charge includes water and sewage rates, site manager costs, intercom, 24hr help alarms, grounds maintenance, exterior building maintenance costs, communal areas electric, water and maintenance (corridors, lobby, lounge, laundry, hairdressers studio, refuse area, and a subsidy for visitor accommodation.
Within quarter of a mile of youll find The Spires Shopping Centre which includes a large Waitrose. The Old Courthouse Parkis also within a quater of a mile and just a little further there is access to the restaurants, shops and cafes on the High Street. The nearest tube station is High Barnet on the Northern Line, giving access into Central London and New Barnet overground can be found in the surrounding vicinity too.
INTERNAL VIEWING IS HIGHLY RECOMMNDED.
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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