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£1,000,000 Offers in excess of
Bedrooms
Bathrooms
Hamptons are delighted to be marketing this well kept detached house. This property comprises five bedrooms, three bathrooms (including two en-suites), a dressing area off the main bedroom, garage, two reception areas, separate fitted kitchen, garage, a high amount of storage facility throughout, off street parking and a very well maintained mainly laid to lawn rear garden with a delightful paved area, that lends itself ideally towards al-fresco dining. This impressive home has been extremely sensibly priced by the vendor and we are expecting high demand, as such, we would highly encourage an immediate viewing. This property is being sold with no forward chain.
Situation
Edgware is a popular suburb in North West London situated 25 minutes from the City centre. Principally a shopping and residential area, it has excellent transport links via Edgwares Northern Line underground station and is ideal for drivers with its easy access to the A1, M1 and M25. A former market town, Edgware is attractive to homebuyers due to its appealing streets, semi-detached and detached houses, access to the Broadwalk shopping centre, and proximity to places of worship and prestigious state and private schools including North London Collegiate School and Rosh Pinah Primary School.
The surrounding countryside provides residents with access to an abundance of leisure activities including golf courses and gym and health centres.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £4,324.67
Total Interest: £556,880.71
Overall Total: £1,556,880.71
Amortization For Monthly Payment: £4,324.67 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £31,705.58 | £20,190.44 | £979,809.56 |
| 2026 | £31,049.93 | £20,846.10 | £958,963.46 |
| 2027 | £30,372.98 | £21,523.04 | £937,440.42 |
| 2028 | £29,674.05 | £22,221.97 | £915,218.45 |
| 2029 | £28,952.43 | £22,943.60 | £892,274.85 |
| 2030 | £28,207.37 | £23,688.66 | £868,586.19 |
| 2031 | £27,438.11 | £24,457.91 | £844,128.28 |
| 2032 | £26,643.88 | £25,252.15 | £818,876.13 |
| 2033 | £25,823.85 | £26,072.17 | £792,803.96 |
| 2034 | £24,977.20 | £26,918.83 | £765,885.13 |
| 2035 | £24,103.05 | £27,792.98 | £738,092.15 |
| 2036 | £23,200.51 | £28,695.51 | £709,396.64 |
| 2037 | £22,268.67 | £29,627.36 | £679,769.28 |
| 2038 | £21,306.56 | £30,589.46 | £649,179.82 |
| 2039 | £20,313.21 | £31,582.81 | £617,597.00 |
| 2040 | £19,287.61 | £32,608.42 | £584,988.59 |
| 2041 | £18,228.70 | £33,667.33 | £551,321.26 |
| 2042 | £17,135.40 | £34,760.62 | £516,560.64 |
| 2043 | £16,006.60 | £35,889.42 | £480,671.21 |
| 2044 | £14,841.14 | £37,054.88 | £443,616.33 |
| 2045 | £13,637.84 | £38,258.18 | £405,358.15 |
| 2046 | £12,395.46 | £39,500.56 | £365,857.59 |
| 2047 | £11,112.74 | £40,783.28 | £325,074.30 |
| 2048 | £9,788.36 | £42,107.66 | £282,966.64 |
| 2049 | £8,420.98 | £43,475.05 | £239,491.59 |
| 2050 | £7,009.19 | £44,886.83 | £194,604.76 |
| 2051 | £5,551.56 | £46,344.47 | £148,260.29 |
| 2052 | £4,046.59 | £47,849.44 | £100,410.85 |
| 2053 | £2,492.75 | £49,403.28 | £51,007.58 |
| 2054 | £888.45 | £51,007.58 | £0.00 |
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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Wed May 21 2025
All confirmed! We look forward to speaking with you.
Wed May 21 2025
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