Boasting huge amounts of living space across 4 floors, this rarely available type and size property consists of 6 good size bedrooms (5 double and 1 single), 2 bathrooms (1 is en-suite), additional guest WC, 2 spacious receptions plus newly installed separate kitchen
One of the bedrooms, based in the loft conversion, can actually be used as a self-contained studio as it boasts an en-suite shower room as well as open-plan kitchen
Being built in approx 1880, this large family home provides includes beautiful benefits such as high ceilings, 2 working fireplaces, stunning architrave detailing and large sash windows. All of this with modern touches added such as marble tiling and whirlpool bath, integrated kitchen with 5 ring gas cooker
Externally, there is off street parking for 2 cars and to the rear, a large garden that extends to approx 107ft and although is manly laid to lawn, also provides a good size patio area
In terms of location, you have both Arnos Grove (Piccadilly Line) and New Southgate Rails stations just moments away, meaning communting to Central London is less than 30mins away. There are also several schools nearby, parks and shopping facilities
Viewings highly recommended for this substantial period property
Tenure : Freehold
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 |