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£6,250,000 Guide Price
Bedrooms
Bathrooms
Oakfield House is a truly magnificent detached, Victorian generational family home (Circa 1910) approached through wrought iron gates over a bricked driveway with extensive parking for 25-30 vehicles.
This wonderful, 6/7 bedroom property extends to 6743 sq ft (606 Sq mts) of bright, well planned accommodation predominantly over 3 floors with an additional 2000 sq ft of accommodation spread across numerous buildings within the grounds. The former garage block has a guest bedroom with en-suite, as well as a fully equipped gym on the first floor and a home office and recreational sports viewing box/cinema room on the ground floor.
The house has had only four owners in its 115-year history including industrialists, a silk merchant and at one stage Ministry of Defence General, and member of the Chief of Staff, resided in the house due to its location close to the former Mill Brook barracks.
The house is ideal for entertaining on a grand scale with a welcoming porticoed entrance which leads through five reception rooms, three of which
are interconnecting including a large modern fitted kitchen/breakfast/family room and garden room that overlook and have access onto a 50 terrace with a feature outdoor BBQ kitchen and the magnificent gardens beyond. The bedroom accommodation on the first floor features the principal bedroom suite which is breathtaking with its double volume ceiling, dressing room, luxurious en suite bathroom and large roof terrace, there are three further suites on this floor and the remaining two large bedrooms served by a family bathroom are on the top floor.
The formal gardens and grounds that surround the house extend to 3.7 acres feature many mature trees, shrubs, rhododendron bushes and numerous herbaceous specimens. To have gardens of this size and such a magnificent
Country House so close to Central London is truly unique and a site such as this one very rarely comes to the market. There is also approximately 8 acres of woodland (that can be purchased by separate negotiation).
Oakfield House whilst being secluded and totally private, is only 0.7 miles from Mill Hill East with its extensive service into The City, and West End.
Only 23 minutes to Tottenham Court Road, and 27 to Moorgate. The local restaurants, cafs and shops on Mill Hill Broadway, Mill Hill Broadway Overground Station, and the local bus station are also nearby. Selfridges (London) is approximately 8 miles from the house. Furthermore there are
several sought after schools within close proximity including, Mill Hill Senior, Belmont Prep, Grimsdell Pre Prep and International school as well as St Vincents and St Pauls Primary Schools.
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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