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£600,000
Nestled in the desirable area of Chestnut Grove, East Barnet, on the Cockfosters Borders, this exceptional building plot presents a rare opportunity for those looking to create their dream home. Spanning a generous area, the land comes with the added benefit of planning permission for a stunning four-bedroom and 3 bathroom eco-friendly residence, allowing you to bring your architectural vision to life. There are 3 /Bathroom, Including 2 En Suites. - all on the first floor. Whilst on the ground floor there is a home/office/potential 5th bedroom.
One of the standout features of this plot is its picturesque pond, surrounded by mature greenery, which offers a tranquil setting for relaxation and outdoor enjoyment. The Bi-Folding Window to the Rear of the Ground Floor are Designed for Maximum Enjoyment and Outlook Over the Pond Area. The presence of a charming 722 x 2710 walled garden further enhances the appeal, providing a private oasis where you can unwind and entertain guests in private.
Conveniently located, this property is within easy reach of all the amenities that Cockfosters has to offer, including shops, schools, and transport links. This prime location ensures that you can enjoy both the serenity of your own space and the vibrancy of community life. East Barnet Village, Oak Hill Park, Oakleigh Park BR Station with fast services into London are also within reach. The plot is within the catchment of good schools for all ages.
This building plot is not just a piece of land; it is a canvas for your future. With planning permission already in place, you can embark on your project with confidence, knowing that you have the opportunity to create a bespoke home tailored to your needs. Whether you are a seasoned developer or a first-time buyer looking to build, this plot is a remarkable find in a sought-after area. Dont miss the chance to make this your own.
N/B: Planning Reference No: 22/6024/FUL - London Borough of Barnet
Stunning Pond & Surroundings: Pic. 1 - A Rare Opportunity for this to be Virtually in Your Back Garden! A Large Pond Surrounded by Paved Pathways and Mature Trees & Shrubs. There is Also a Summerhouse: 286 x 710 with Power & Light. Double Doors & Windows.
Stunning Pond & Surroundings: Pic. 2 -
Building Plot: - As seen from the Pond Area. The Street View can be seen from the Google Map.
Walled Garden: - 22.00m x 8.48m (722 x 2710) - This is also a sizeable plot and could be suitable for many purposes: ie An Outbuilding, Office, Small Tennis Court, Small Football Pitch, an Organic Garden, an Orchard, or Indeed for Outdoor Entertaining in Private.
Stunning Outlook To Rear: - The Building PIot is the the Right-Hand Side.
Building Plot, Pond & Walled Garden: -
Building Plot With Proposed House: - Showing the Position of the New-Build to the Plot Size and a Good Road Frontage.
Building Plot With Road Frontage Layout: - Note: The Neighbouring Detached House can be also be Purchased with the Overall Price for the Total Package Being 1.500,000.
Aerial View: - The Building Plot is Situated Between the Existing Detached House and the Bungalow on the Right-Hand Side. This Also Shows the Pond, Mature Trees & Shrubs, and the Walled Garden which are Included. The Detached House can be Separately Negotiated, but Currently on the Market at 950,000.
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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