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393 Green Lanes, Palmers Green, London
£1,175,000 Guide Price
Bedrooms
Bathrooms
''Guide Price: 1,175,000 - 1,200,000''
A spacious semi-detached house situated on a desirable tree-lined road, within close proximity to both Broomfield and Grovelands Parks, as well as Palmers Green mainline station (with services to Moorgate) and Southgate underground station (Piccadilly Line). The popular Walker and St. Monicas Primary Schools are also within easy reach, along with the historic Southgate Green at the top of the road, with an excellent selection of eateries.
The property boasts just over 1,900 sq. ft. of floor area and features two generously sized reception rooms, one of which includes a bay window with stained glass inserts and a lovely character fireplace. A conservatory is accessed via double doors in rear reception room. There is also an impressive eat-in kitchen fitted with an extensive range of oak wall and base units, a Butler-style sink, and a granite worktop. A door in the hallway provides access to a large garage, offering the potential for conversion into a formal room (subject to planning consent). A spacious landing on the first floor leads to four generously sized bedrooms, including a superb 195' x 1310' principal bedroom, a contemporary bathroom, and a separate WC.
The secluded south-facing rear garden benefits from mature borders, a well-maintained lawn with a water feature at one end, and a brick outbuilding with a barbeque chimney. At the front of the house is a garden and driveway. We highly recommend an internal viewing to fully appreciate the light and space this lovely property offers.
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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