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£1,100,000
Bedrooms
Bathrooms
'''CHAIN FREE'''Situated in one of the areas premier roads is this attractive four double bedroom semi-detached family home. This wonderful property currently consists of a dual aspect lounge, separate dining room, kitchen to the rear and downstairs guest cloakroom.
The first-floor benefits from four bedrooms and a family bathroom.
The home is elevated from the roadside and has off street parking a large double garage to the rear and a 120 ft rear garden.
The property sits on a wide plot and has the added benefit of planning permission for a wrap-around extension. Planning permission has also been granted for a large outhouse at the rear of the garden.
The Avenue is a highly sought after tree-lined address in the heart of the Little Heath Conservation Area and close to a wide range of local amenities.
Potters Bar mainline station is just 0.4 miles away with fast links into London Kings Cross (20 minutes), Junction 23 of the M25 and the A1(M) are approximately two miles away.
Amenities in close proximity include a fine selection of golf courses including Hadley Wood Golf Club and Essendon Golf and Country Club. Other sports and leisure facilities nearby also include Potters Bar Tennis Club, Sopwell House Hotel and Spa, David Lloyd Racquet and Fitness Club and Hatfield House is also nearby.
Education facilities in the area include Stormont, Lochinver, Dame Alice Owen, Queenswood, Queen Elizabeth Boys, Haberdashers Askes Boys and Girls Schools, St Johns, St Albans Schools for Boys and Girls and Haileybury.
FREEHOLD
Local Authority: Hertsmere Borough Council
Council Tax Band: G
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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