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203 Preston Road, Middlesex, HA9 8NF
£650,000
Bedrooms
Bathrooms
Reception
Spacious 3-Bed Semidetached Family Home in a Prime Wembley Location Chain Free Sale
Located in one of Wembleys most sought-after areas, thisspacious three-bedroom semi detached family homeoffers fantastic potential for both homeowners and investors alike. Perfectly positioned within easy reach oflocal shops, excellent schools, beautiful parks, and major transport links, including Wembley Central, North Wembley &Wembley Park Underground Stationsand theworld-famous Wembley Stadium & shopping heaven destination (London Designer Outlet), this property no doubt combines convenience with opportunity.
The accommodation comprises abright and airy through lounge, awell-proportioned dining room to kitchen, and afamily bathroom upstairs. Outside, the property benefits from adriveway with ample off-road parkingand alarge rear garden, ideal for families or entertaining. This property presents an exciting opportunity to expand and add value, with scope to extend at ground floor level and into the loft (subject to planning permission)
The property would benefit frommodernisationto fully unlock its potential as its fixtures and fittings are rather dated, offering the perfect blank canvas for a new owner to add their personal touch and modern style.
While currentlytenanted and generating a healthy rental income, this property presents afantastic investment opportunityfor those looking to enhance value and maximise returns. Alternatively, it could easily be transformed into adream forever homein a highly desirable location.
Key Features:
Lounge: 8.8mX 3.91mX2.90m
Hallway: 5mx1.7m
Bedroom One: 2.72mX5.13m
Bedroom Two: 3.70mX2.80m
Bedroom Three (box room): 2.67mX2.3m
Bathroom: 2.30mX1.83m
Toilet: 89mX70m
Kitchen: 2.35mX2m
Dining Room: 3.5mX2.2m
Garden: 26mX5.5m Approximately
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.
203 Preston Road, Middlesex, HA9 8NF
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