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£2,950,000
Bedrooms
Bathrooms
'' Chain Free '' A beautifully appointed double fronted detached family residence set in grounds of approximately half an acre.
This superb home offers approximately 6,000 sq ft of spacious accommodation with five/six bedrooms, four en suite bathrooms and boasts an indoor leisure/indoor heated swimming pool with changing room and gym. The ground floor accommodation flows wonderfully and is ideal for entertaining on a grand scale.
To the ground floor the accommodation comprises of drawing room, TV room, dining room/snooker room, further dining room/bar, kitchen/breakfast room, utility room, indoor heated swimming pool with changing room and gym and self contained annex which is accessed via its own front door with living area/bedroom, en suite shower room and kitchenette.
To the first floor the principle bedroom suite benefits from an en suite bathroom, dressing room/bedroom five and air conditioning, three further bedrooms, two of which have en suite shower rooms and a further family bathroom.
Approached via electronic gates, the property is well set back from the road and benefits from a double garage and ample guest parking. To the rear there is a wonderful rear garden, terrace and summer house.
Location: The popular village of Northaw is a designated a conservation area although quietly situated, the access to London is excellent with good road and rail connections. The West End can be reached in approximately 45 minutes by car. Trains to Kings Cross take under 25 minutes from the local station and Junction 24 of the M25 is less than 2 miles distant. The area offers a very good selection of state, private and community schools, which include Queenswood Girls School and Hailieybury College. Hertfordshire University is based in Hatfield, a short distance away. Many golf courses are to be found in the area and there is good local shopping in Potters Bar.
Tenure: Freehold
Local Authority: Welwyn & Hatfield
Council Tax Band: H
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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