Stonecroft Close, Barnet Road, Arkley, Hertfordshire, EN5

1 /2
Sold STC

6 bedroom detached for sale

£3,000,000 Offers over

6

Bedrooms

5

Bathrooms

Floorplan

''' CHAIN FREE ''' Statons are delighted to offer for sale this stunning 6 bedroom detached residence situated in a private gated close in the heart of Arkley. This fabulous air conditioned, family home offers bright and spacious, high specification accommodation throughout.

Comprising a welcoming entrance hall, an office, a tv room, a beautiful, large reception room with bi folding doors, fireplace and bar area, an outstanding super room with bi folding doors, bespoke fitted kitchen, island and ample space for dining and entertaining, door to the integral garage and 2 guest w.cs. On the first floor there a 3 exceptional bedroom suites complete with en suite facilities, 2 further double bedrooms and a luxurious family bathroom. On the top floor there is a sumptuous principal bedroom suite complete with 2 dressing rooms, a splendid en suite bathroom and ample storage. Externally there are beautifully maintained landscaped gardens with an abundance of mature shrubs, a large sun terrace and a wonderful versatile studio complete with w.c. There is also ample driveway parking and a double garage.

Enjoying a semi-rural location yet located on the fringes of High Barnet which provides a good range of shopping facilities including the Spires Shopping Centre and an excellent selection of restaurants.
The area has renowned schooling both state and private including QE Boys and QE Girls, Haberdashers Askes, Belmont, Mill Hill School and the Mount House. There is a coach service from The Arkley that collects students for most of the local private schools.
High Barnet tube station (Northern Line) is approximately 2 miles away and New Barnet mainline station is the nearest over ground station.
The M25, A1 and M1 are also easily accessible.
Central London is approximately 10 miles away and Brent Cross shopping centre approximately 5 miles away.

Local Authority: Barnet
Council Tax Band: H
Tenure: 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

£ 2598950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 75000
  • 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

£ 348950
  • 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

Adjust these figures

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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

Adjust these figures

  %

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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