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£385,000
Bedrooms
Bathrooms
A GREAT OPPORTUNITY TO BUY THIS RECENTLY REFURBISHED, FREEHOLD 1 BEDROOM HOUSE, located in Pendall Close, in Cockfosters, Barnet, close to the local schools, shops and travel amenities of New Barnet & Cockfosters.
The property has its own front door leading in from the porch into the 15ft reception room. There is a separate, well-fitted kitchen behind, and stairs up to the first floor where youll find a large 15ft bedroom with fitted wardrobes and a beautifully presented shower room.
This house is offered in excellent condition and benefits from allocated off-street parking, good-sized rooms having been recently renovated with new kitchen, shower room, heating system and double-glazing plus a recently acquired freehold. Ideal for those looking for a 1 bedroom flat, with the benefits of a house.
Entrance Porch - With UPVC mullti-point locking door leading into the entrance porch with storage, shelving & space for tumble dryer.
Reception Room - 4.62m x 3.15m (152 x 104) - Double glazed window to the front with radiator beneath. Laminate Flooring. Chrome switches and sockets.
Reception Room (Pic 2) - Bright and spacious, overlooking communal gardens
Kitchen - 4.62m x 1.55m (152 x 51) - Double-glazed window to side, Gloss white handleless wall and base units with solid oak worktops, stainless steel single drainer sink with mixer tap. Built-in appliances including electric hob with extractor above, oven & microwave plus plumbing for dishwasher and washing machine.
Kitchen (Pic 2) -
Bedroom - 4.62m x 2.87m (152 x 95) - Double-glazed window to front with radioator beneath. large bedroom with built in wardrobes to one wall, laminate flooring.
Bedroom (Pic 2) -
Shower Room - 2.59m x 1.85m (86 x 61) - A fully tiled shower room with walk in shower, low flush WC, wash basin with mixer tap, vanity unit and mirrored cupboard above. Chrome heated towel rail and frosted double glazed window.
Shower Room (Pic 2) -
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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