This is a deceptively spacious and newly renovated, 2 double bedroom maisonette with large private garden
The property boasts ample living space throughout has been completely renovated top to bottom. This includes a brand new fitted kitchen with built-in appliances and lots of storage cupboards, a brand new, fully tiled shower room with walk-in shower. In addition, there's 2 double bedrooms and a very good size living room.
There's also a very large, private rear garden with patio area and a spacious "out-house" plus off street parking for 1 car to the front
Other upgrades include new flooring throughout, new pipes and heating system (including new double radiators and new boiler), newly installed storage cupboard plus a new roof on the outhouse
In terms of location, the property is situated within easy reach of the A10 & M25. As well as being less than a mile to Southbury train station and local shopping facilities such as Sainsburys & Aldi plus others
The large flat is also within the catchment area of several schools (including Bishop Stopford & Suffolks Primary Schools
Viewings highly recommended for this great flat that's ideal for first-time buyers
Tenure: Share of Freehold (Underlying lease of approx 991yrs remaining)
No service charge or ground rent
Lounge 24'3 x 15'1 ft (7.39m x 4.6m m)
.
Kitchen 12'11 x 8'4 ft (3.94m x 2.54m m)
.
Master Bedroom 16'8 x 7'9 ft (5.08m x 2.36m m)
.
Bathroom
.
Bedroom 2 18'3 x 7'9 ft (5.56m x 2.36m m)
.
Garden 51'10 x 24'7 ft (15.8m x 7.49m m)
.
Tenure : Share of Freehold
Southbury (overground)
0.55 km
Turkey Street (overground)
1.12 km
Enfield Town (overground)
1.20 km
Bush Hill Park (overground)
1.27 km
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
