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£2,350,000
Bedrooms
Bathrooms
In the most sought after road in Edgware and on the market for the for the first time in over 30 years is this large, 4216 sq ft/383.3 sq m, detached family home.
The house is arranged largely arranged over two floors and is in need of modernisation and would also lend itself to extension STPP if required. The accommodation includes Five Bedrooms, Three Bathrooms (en-suite), large Entrance Hall, double Reception Room, Dining area, Tv/Family Room, Kitchen/Breakfast Room, Utility Room and guest Wc. There is a large Loft Room, ideal as a Snooker Room/Playroom or additional Bedroom space.
Externally there is ample off street parking, Garage and approx 98 mature rear Garden.
Canons Drive is a wide tree lined street and is part of a private Estate which boasts its own Seven Acre Private Lake which is only accessible to residents. Canons Drive is located minutes from Canons Park Tube and a short walk to Edgware Station. Popular local schools including North London Collegiate are within close proximity as are places of worship and several parks.
Council band H
Sole agent
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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