3 bed semi-detached house

£850,000

3

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Located on Goldsmith Road in the desirable area of Friern Barnet, this three bedroom semi-detached house offers a practical and spacious living environment.


The property features a well-designed layout with a large through-lounge that provides a seamless flow from the living area to the dining space, perfect for family gatherings. The kitchen is equipped with an oven and hob, plus offers ample storage and workspace for everyday cooking needs. A separate utility room adds convenience, housing laundry appliances and additional storage.

The house includes a fully tiled family bathroom, as well as a ground floor a guest WC, ensuring functionality for family and guests.

All bedrooms are generously sized, with large double glazed windows that allow natural light to fill the rooms.

Outside, the property boasts a mainly patio garden with the additional benefit of a rear outhouse. To the front there is a driveway and a garage accessed via the shared drive. This home presents an opportunity for further development with the potential to extend, subject to planning permission.

Situated close to several sought-after schools (including Dwight School, The Compton, Wren Academy and Woodhouse College), this property is ideal for families seeking quality education options. The area offers a range of amenities, including shops (Tesco Express just a short walk away), parks, and public transport links, providing easy access to the wider London area.

This home combines practicality with potential, making it a valuable opportunity in the Friern Barnet area

Viewings highly recommended



Features
  • Freehold

Nearest Stations:

0.62 miles
New Southgate
1.01 miles
Arnos Grove
1.22 miles
Woodside Park
1.39 miles
West Finchley
1.43 miles
Totteridge and Whetstone

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

£ 703950

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
    £ 21250
  • 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

£ 66450
  • 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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