3 bed semi-detached house

£750,000

3

Bedrooms

1

Bathrooms

Floorplan

Located in the desirable area of North Finchley, this three bedroom, one bathroom semi-detached house offers a comfortable and practical living space.


The property is situated in a quiet cul-de-sac, providing a peaceful environment while being conveniently close to local amenities.

Upon entering, you are greeted by a welcoming hallway that leads to a spacious living area with wood flooring, providing a warm and inviting atmosphere. The separate galley-style kitchen is equipped with an oven/hob and offers ample storage space, making it ideal for everyday cooking needs. The kitchen leads out to a generous garden, perfect for outdoor activities and relaxation.

The property includes three well proportioned bedrooms, each offering plenty of natural light and space for furnishings. The fully tiled bathroom benefits from having the bath and shower with a rear facing frosted window, and a separate WC with side facing frosted window

One of the key features of this property is its potential to extend both backwards and into the loft, subject to planning permission, allowing for future growth. The house is within the catchment area of several reputable schools (including The Compton, Wren Academy, Friern Barnet as well as Woodhouse College and the international school Dwight School London), making it an attractive option for families. Additionally, it is just a short distance from Friary Park, offering green spaces for leisure and recreation.

The location of the property provides easy access to local shops (including a Tesco Express and Sainsburys supermarket), restaurants, and public transport of North Finchley High Road, ensuring convenience for daily commuting and errands.

Overall, this chain free semi-detached house in North Finchley offers a blend of comfort, practicality, and potential, making it a valuable opportunity for prospective buyers.



Features
  • Freehold

Nearest Stations:

0.8 miles
New Southgate
1.03 miles
Woodside Park
1.17 miles
Arnos Grove
1.25 miles
Totteridge and Whetstone
1.26 miles
West Finchley

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 621450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 18750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 58950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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