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£750,000
Bedrooms
Bathrooms
Located on the south side of Borehamwood, set back on a quiet slip road, this four-bedroom semi-detached home offers a great opportunity for family living, though it will require some updating and improvement to reach its full potential.
Arranged over two floors, the ground floor offers three generous reception rooms, providing flexible space for family living. The large kitchen/diner opens into a utility room, and there is also a convenient guest WC on the ground floor. Patio doors lead out to a private garden, providing an easy flow between indoor and outdoor spaces. Upstairs, youll find three spacious double bedrooms, a good-sized single bedroom, and a family bathroom. The property benefits from new carpets throughout, but some further work is required to modernise and personalise the home.
Externally, the property boasts a rear garden extending over 100ft, mainly laid to lawn with mature shrub borders and a large patio area, offering a good space for outdoor activities. The garden also benefits from gated side access. To the front, a paved driveway provides off-street parking for multiple cars, and the integral single garage offers additional storage or parking space.
The property is located in a quiet, family-friendly area, within walking distance of local shops, schools (including Yavneh College), and bus routes (107). Borehamwood town centre, with its shops, restaurants, and bars, is also nearby. The mainline train station, offering direct access to central London in approximately 20 minutes, is within easy reach.
While the home requires some work to bring it up to date, it offers excellent potential to extend further (subject to planning permission).
Map location is not available for this property.
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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