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£1,500,000 Offers in excess of
Bedrooms
Bathrooms
Litchfields are pleased to offer for sale this very elegant, 4 bedroom, terraced Victorian family home which has been completely refurbished by the current owners.
They have retained many of the original Victorian features whilst completely re-modelling the house (2021/22) to create very stylish and vibrant living, entertaining and workspaces.
Working closely with their architect to maximise communication between different areas of the house they created a new double height area that connects the living space, kitchen and first floor office which was designed specifically for home working (including high speed cabling), a series of sliding doors allows privacy when needed.
The house was completely re-wired, re-plumbed and new hardwood double glazed windows were installed throughout.
They added a rear extension with a bespoke kitchen and underfloor heating, with access, via sliding doors, to an internal courtyard.
A large pivot door allows a seamless flow from the kitchen-dining area to the rear garden. A new, luxury bathroom with separate shower cubicle and under floor heating was also installed. Despard Road is very conveniently located close to all the amenities of historic Highgate Village and Waterlow Park as well as excellent local schools and transport links to central London and the City, with Archway tube station (Northern Line zone 2) a stones throw away. EPC - C
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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