This is a superbly located, spacious 1 double bedroom flat which is situated just a stones throw away from Woodside Park tube station (Northern Line), as well as only being a short walk to all the shops, restaurants and supermarkets (including sainsburys, Aldi and Waitrose) of North Finchley High Road.
The property itself is on the 1st floor of this purpose built block and comprises of a large double bedroom with built-in wardrobes, good size lounge with separate kitchen and a fully tiled bathroom. In addition, the flat benefits from 2 balconies and a good size storage cupboard within the hallway.
Viewings highly recommended
Tenure = Leasehold
Lease = Approx. 140yrs remaining
Service charge = Approx. £1,500pa
Lounge 15'8 x 9'11 ft (4.78m x 3.02m m)
This is a good size lounge which benefits from wood flooring, large rear facing double glazed windows and access to a private balcony
Kitchen 8'2 x 5'3 ft (2.49m x 1.6m m)
The small kitchen is separate and located off the lounge. It comprises of plenty of floor and wall mounted storage cupboards. In addition, the combi-boiler is brand new (Vaillant) as is the gas oven and gas hobs (6 months old). There is also a washing machine and fridge/freezer, as well as access to a small private balcony
Bedroom 12'6 x 10'1 ft (3.81m x 3.07m m)
This is a good size bedroom which boasts wood flooring and a large, built-in wardrobe
Bathroom
The bathroom is fully tiled and is made up of a WC, sink and bath with overhead shower attachment
Woodside Park (tube)
0.10 km
West Finchley (tube)
0.65 km
Totteridge & Whetstone (tube)
0.87 km
Finchley Central (tube)
1.26 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 |
