8 bedroom detached for sale

£6,900,000

8

Bedrooms

8

Bathrooms

Floorplan

'' A COUNTRY RESIDENCE IN LONDON ''

AN AMBASSADORIAL STYLE FAMILY RESIDENCE SET IN APPROXIMATELY EIGHT ACRES OF PARKLAND WITH ITS OWN LAKE - CURRENTLY IN NEED OF UPDATING

This private residence, which is set behind a gated access, is totally secluded from the surrounding area and is approached via a deep snaking illuminated drive which takes you through the eight acres of parkland, past the lake and the tennis court and sets you at the doors of a magnificent entrance which is highlighted by a central ornamental fountain.

Subjected to considerable expenditure in the past the impact of this property strikes you as you walk through the doors to be greeted by a superb marbled reception hall entrance with a splendid feature staircase. The staircase elegantly rises to the first floor, which comprises an air conditioned master bedroom suite with balcony, en suite dressing room and bathroom, plus two further bedrooms, both of which have en suite facilities.

Leading from the central marbled entrance hall, there is a separate bedroom wing which affords four further bedrooms all with en suite facilities.

Entertaining and living space in this home comprises of a library, dining room, split-level lounge that overlooks the pool, a fitted kitchen and a breakfast room.

A prominent feature within the leisure facilities is the indoor pool complex which has an illuminated wave shaped roof. Other features include an indoor squash court, steam room, gymnasium and a cinema room.

Externally, the estate provides a parkland atmosphere with its own lake and a tennis court.

There is also a three car garage plus ample parking facilities and staff quarters.

PLEASE NOTE: The images shown do not depict the curent condition of the property which is now in need of some attention.

Local Authority: Hertsmere
Council Tax Band: H
Freehold




Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 6089450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 172500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 914450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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