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£2,350,000
Bedrooms
Bathrooms
This unique and beautifully constructed 5 bedroom home built in 2001 offers versatile and spacious accommodation, set behind electric security gates on wonderful grounds extending to circa 4.5 acres with a large pond and spectacular panoramic southerly facing views. With an impressive entrance and drive leading you to the property, there is a courtyard setting driveway with a detached double garage with plenty of parking. This amazing home boasts an abundance of character and charm and offers an exceptionally high specification.
Newgate Street is widely regarded as one of the most desirable places to live in Hertfordshire with its village atmosphere and unique homes. The larger town of Potters Bar (junction 24 on the M25) and St Albans are within close proximity, offering an array of shopping and leisure facilities. Direct rail links into London Kings Cross and Moorgate stations are available from Welham Green, Brookmans Park and Potters Bar, with an approximate journey time of 18 minutes.
There are several highly regarded schools including Queenswood girls school and Lochinver House boys school. There are many bridleways for horse riding and stabling nearby.
Council Tax - G
Local Authority - Welwyn & Hatfield
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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