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£1,600,000
Bedrooms
Bathrooms
Rarely available and brimming with potential, this charming four-bedroom home on Viga Road, Grange Park, Winchmore Hill is set on an impressive 0.22-acre plot. Enjoying a generous 100 x 60 rear garden, a garage to the side, and its own private driveway, this property offers a unique opportunity for those seeking ample living space and excellent scope to extend (subject to the usual planning consents).
Beyond the welcoming reception hallway, the ground floor comprises two spacious reception rooms, a well-appointed kitchen, and a convenient downstairs cloakroom. Upstairs, four comfortable bedrooms and a family bathroom ensure plenty of room for family and guests alike.
Externally, the substantial grounds include a particularly large side plot, presenting tremendous potential to create additional living accommodation or further develop the existing footprint.
This desirable location benefits from excellent transport links, with Grange Park Station and local bus routes just a short walk away, providing easy access into Central London. A variety of shops, cafes, and restaurants are also within close reach, catering to all your day-to-day needs. Families will appreciate the well-regarded local schools, making this property an appealing choice for those looking to settle in one of Winchmore Hills most sought-after addresses and within easy reach are Grange Park, Eversley, Merryhills and Highlands school.
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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