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393 Green Lanes, Palmers Green, London
£1,250,000 Offers in excess of
Bedrooms
Bathrooms
The rare opportunity to purchase a well presented, five-bedroom, semi-detached Edwardian residence, situated in the desirable Lakes conservation area has become available. The property has been designed and extended sympathetically to provide 2,120 sq. ft. of light and spacious accommodation, successfully blending character with modern living.
The ground floor features two spacious reception rooms with beautiful high corniced ceilings, picture/dado rails and original working fireplaces and surrounds. The snug-lounge reception room also retains its original leaded light double bay doors into the kitchen/diner, adding charm to both rooms. The rear of the property showcases a stunning extended kitchen/diner that is flooded with natural light via large, double-glazed roof panels (6m x 3m approx.) and remote-controlled skylights. The kitchen is fitted with an extensive range of modern units, including a central island, all finished with high specification granite worktops. There is a space for a Range/Aga-style double cooker with extractor and an American-style double fridge. The adjoining dining area offers a relaxed setting for entertaining, with original bay windows from the rear reception room and bi-folding patio doors leading directly to the garden, perfect for those who enjoy both indoor and al fresco dining. Wooden flooring extends from the entrance hall through to the kitchen/diner, adding warmth and continuity to the ground floor. A guest WC is also conveniently located at the end of the entrance hall.
The first floor offers three large double bedrooms and a large modern high specification family bathroom. The loft has been sympathetically converted, featuring period timber detailing in keeping with the original staircase. This second floor offers two further large double bedrooms - one with significant eaves storage, along with another large high specification family bathroom off the landing. A notable feature is the timber double-glazed windows at the front of the house, carefully designed to replicate the original Edwardian style.
Externally, the property enjoys a generous rear garden extending over 77 ft. in length. A large, paved patio directly off the kitchen/diner provides the perfect entertaining space, with the remainder laid to lawn, whilst a gate provides convenient and well-maintained side access.
The property offers convenient access to Palmers Green Overground train station with direct services to Moorgate/City of London and Southgate tube station (Piccadilly Line). The property is situated within walking distance to both Broomfield and Grovelands Parks, and the many shops and restaurants in Palmers Green, Winchmore Hill Green and Southgate.
The vendor has advised Winkworth of the following features and improvements:
' New main slate roof with original terracotta ornate ridge tiles and terracotta gable, including the finial
' New terracotta roof over front door
' New slate and ornate terracotta ridge tiles on kitchen extension
' Original and bespoke designed Amdega Orangery (ultra double glazed - Saint Gobain glazing) - (original drawing and artwork to be provided)
' Lead and Cast iron (dated 2011) works to the rear extension and orangery (excellent workmanship)
' Professional Range (Aga) double cooker and extractor (to remain)
' Swarovski crystal chandelier in kitchen (to remain)
' New conservation-grade double glazed casement windows to the front with quality English made stays and locks window furniture
' New Valiant gas boiler (February 2019)
' New low energy down spot lights throughout the property (October 2023)
' Fully working multi zone (hard wired) burglar alarm
' New consumer electrical boards for the house and separately for the extension
' 1st floor bathroom - Duravit porcelain sanitary-ware and bathroom furniture, HansGrohe plumbing-ware and Matki shower surround with natural sandstone throughout
' 2nd floor bathroom - Roca porcelain sanitary-ware and St James plumbing-ware with natural sandstone throughout
' New drains and manhole covers installed in the side passage
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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