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£8,500,000
Bedrooms
Bathrooms
Originally built in 1872, this lateral low-built double-fronted detached house has recently been the subject of major restoration works. The owners have taken great care to retain an abundance of the original period character and charm. The house occupies a prominent corner position at the junction of Kemplay Road and Pilgrims Lane, providing a two-minute walk to both the Heath and the High Street. The attractive Victorian exterior is screened from the road by four mature Lime trees and surrounded by established gardens. In addition to the main house there is a single garage with off-street parking in front.
The recent renovation includes a new roof and roof terrace, new kitchen, and a new layout to the upper floors which now all feature large luxury en-suite bathrooms and a new guest WC to the first floor. The roof terrace catches the sun most of the day and offers classic Hampstead Village views. There are also new wooden floors to the ground, first and second floors.
The lower ground floor, which has natural light from three directions, features three rooms which can be used as bedrooms, reception rooms or as a home office and a large newly fitted plant room. There is also a utility room which features a dog bath. This floor can be approached either from within the house or via its own separate entrance.
The house has a private rear garden, as well as an attractive front garden.
Viewing exclusively through the owners sole agent.
Tenure: Freehold
Tax Council Band: H
Local Authority: Camden
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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