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£650,000
Bedrooms
Bathrooms
A beautifully extended three-bedroom semi-detached house with off street parking, ideally positioned in this sought after residential location.
This impressive property, which extends to approximately 1250 sqft, offers well balanced and versatile living accommodation. The ground floor comprises entrance hall with doors leading to reception room, utility room, family bathroom with separate shower. To the rear of the house, youll find a bright and stunning L shaped open plan kitchen and living area, perfect for entertaining, as well as a separate study area which is ideal for home working. The first floor consists of three bedrooms and access to loft. The rear garden is mainly laid to lawn but also has a spacious decked area for entertaining. Additional benefits include UPVC double glazing, independent heating and hot water and being within close proximity to highly regarded local schools.
Auckland Road is a quiet residential street and is closely located to the local shops and the Furzefield Leisure Centre and Swimming pool. Further afield are the numerous shops, leisure facilities and restaurants offered by Potters Bar. Potters Bar Station (approx. 0.6 miles away) provides direct rail services to Kings Cross and Moorgate, while motorists benefit from excellent access to the A1(M) and M25.
Map location is not available for this property.
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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