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£2,495,000
Bedrooms
Bathrooms
Originally built in 1928 and standing of a generous plot of circa 1/3 acre is this pretty Arts and Crafts style, detached family home offering a wealth of character and which provides spacious living and entertaining accommodation. The house is predominately arranged over two levels although further scope exists to extend (STPP) should it be necessary.
The bright and spacious accommodation spread over 3234 sq ft/300.4 sq m, is currently arranged to provide Five Bedrooms, Three Bathrooms (2 en-suite), Kitchen/Breakfast Room, Two Reception Rooms, Study, Utility Room and guest Wc.
Situated in this semi-rural location, the property adjoins greenbelt countryside to two sides with direct access to Arrandene open space. Externally the rear garden is beautifully landscaped wrapping around the house, with generous terrace for outside entertaining. There is ample off street parking and a single Garage.
Wise Lane is a very sought after road within Mill Hill, with popular local schools being within the near vicinity. Mill Hill Park and Arrandene open space are within yards of the property and the amenities of Mill Hill Broadway are also within approximately 2/3 of a mile.
Council tax band H
Sole Agent
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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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