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40 High Road, London, N2 9PJ
£1,400,000 From
Bedrooms
Bathrooms
Reception
Addison Townsend are delighted to offer for sale this beautiful, terraced, four-bedroom house located in this highly desirable residential location within 0.2 miles of East Finchley Underground Station, in excellent school catchments and offering a beautiful rural outlook over Cherry Tree Wood. The property offers a spacious through lounge/dining room and fitted kitchen to the ground floor; three bedrooms, and large family bathroom occupy the first floor; and a loft conversion offers a fourth bedroom with rare private balcony with stunning views over Cherry Tree Wood and a shower room. Externally the property boasts a secluded rear garden made to feel larger than its size due to the rural outlook onto Cherry Tree Wood with an electric supplied studio and decking area. The property also offers a wealth of further potential for extension for a full width rear extension subject to planning permissions.
The vendors love:
"Our house is the only one featuring a balcony giving extensive views over Cherry Tree Wood, allowing you to enjoy both sunrise and sunset. The closeness to the park makes the garden feel incredibly open. Without an extension, the daylight crosses the two living rooms, brightening the house with natural light. The property is in the heart of some of North London's top attractions, Hampstead Heath, Highgate Village and Cemetery, Highgate Woods, Muswell Hill, Alexandra Palace - all at walking distance. But the real local gem is the Phoenix, London's oldest cinema in activity and only two blocks away from the house. The decoration is rustic and charming, with original floorboards throughout the ground floor, stairs and first floor lounge."
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.
40 High Road, London, N2 9PJ
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