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5-11, London, N13 4TN
£439,000 OIRO
Bedrooms
Bathrooms
Reception
Paul Simon is pleased to offer this two bedroopm period cottage situated directly off Green Lanes, Winchmore Hill. The accommodation comprises reception as you enter, spacious kitchen, three-piece downstairs bathroom with shower, two double bedrooms, loft room and private garden. The property is located opposite a park, as well as close to a variety of local shops, including Sainsburys Supermarket. Winchmore Hill BR station is within easy proximity (Direct to Kings Cross/Finsbury Park/Mortgage). Freehold. Chain Free sale.
Lounge 10'2 x 10'2 fireplace, laminated floor & good-sized window to front.
Kitchen 10'2 x 10'2 with a good area for a small breakfast table, plenty of unit space & a sizable window with views towards the garden.
Bathroom 3-piece 8'1x 4'11
Bedroom 1, 10'2 x 10'2 fair sized room with a big window to front & views over the entrance to park opposite, one large additional over stair cupboard.
Bedroom 2 10'2 x 10'2 fair sized second single bedroom with a nice sized window to front & views over the area. Access to loft room
Loft room 20'4 x 20'4 treble double-glazed windows with rural view over allotments and gardens to rear. Velux skylight with view over road and park entrance to front.
Rear garden 100 feet x 40 feet own shed
Summer House 8 feet 5inches x 8 feet 8 inches with own power, inside and out. Good for storage. Sizable range style decking.
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.
5-11, London, N13 4TN
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