3 bedroom semi-detached for sale

£649,950

3

Bedrooms

1

Bathrooms

Floorplan

A three bedroom semi detached family home within a short distance to High Barnet Underground Station. The house is well presented and offers a bright, through reception room, 3 bedrooms, modern kitchen and bathroom, a large rear garden and garage.
Available to purchase chain free.

Ground Floor -

Entrance Hall - Laminate wood flooring

Through Lounge - Laminate wood flooring, double glazed windows to front and rear with double glazed door to rear garden, fireplace opening.

Kitchen - Modern, white wall and base units, work surfaces incorporating one and a half bowl stainless steel sink and drainer unit, stainless steel duel fuel cooker, stainless steel extractor canopy above, integrated dishwasher, freestanding fridge freezer, spotlights, gas central heating boiler, door to lean-to with washing machine.

Carpeted Stairs To First Floor -

First Floor Landing - Carpeted, access to loft.

Bedroom One - Double glazed windows to front bay, laminate wood flooring, spotlights on track.

Bedroom Two - Fitted carpet, double glazed windows to rear.

Bedroom Three - Double glazed windows to front, fitted carpet.

Bathroom - Panelled bath with mixer taps and GROHE shower unit, glass shower screen, low flush WC, wash basin set in vanity unit, double glazed window to side, mirrored medicine cabinet, fitted mirror, spotlights, part tiled walls, tiled floor, heated towel rail.

Rear Garden - Large North East facing garden with patio and lawned areas. Side access to Garage.

Additional Information - Chain Free Sale
Barnet Council Tax Band E

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 538908.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16248.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 51446.25
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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