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393 Green Lanes, Palmers Green, London
£1,100,000
Bedrooms
Bathrooms
A well-presented semi-detached Edwardian residence situated within the desirable Lakes Conservation Area, offering easy access to Palmers Green mainline BR station with services to Moorgate, Broomfield and Grovelands Parks, and an excellent selection of cafs and restaurants on nearby Aldermans Hill and Green Lanes.
The property boasts just over 2,000 sq. ft. of suitably appointed accommodation arranged over three floors. The ground floor features a long split-level entrance hall leading to an impressive front reception room with wooden sash windows and a focal-point fireplace. At the centre of the house is an eat-in kitchen with an extensive range of contemporary-style wall and base units. To the rear, there is a generously sized dining room with doors opening onto the garden - ideal for entertaining during the summer months. There is also a useful utility room, with a WC, accessed from the hall.
The first floor provides three double bedrooms, a large family bathroom, and a study. The loft has been skilfully converted to provide two further double bedrooms and a shower room, whilst retaining ample eaves storage. A cleverly designed roof lantern is a thoughtful touch that bathes the landing in natural light.
Outside, there is a low-maintenance, south-east-facing rear garden extending approximately 80 in length. To the front, there is off-street parking and side access leading to the rear garden.
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.
393 Green Lanes, Palmers Green, London
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