Boasting 2 double bedrooms, 2 bathrooms (1 is en-suite) as well as a lounge with open-plan kitchen, this beautiful flat offers something for everyone. There's also a surprisingly long, spacious entrance hall that provides 3 storage cupboards (1 houses the washing machine)
With the building only 4 years old, the flat offers a number of mod-cons; which include underfloor heating throughout, fiber-optic broadband, communal satellite, an air-filtration system and video-entry phone.
Externally, the property provides an allocated parking space which is situated within a gated resident car park. Plus there is also a bike shed and communal gardens
In terms of location, the apartment is within walking distance to High Barnet tube station, and only 10mins walk from all the shops, restaurants and supermarkets of High Barnet High Street. In addition, there are several schools nearby, as well as 2mins walk to Barnet Hospital
Viewings highly recommended for this new build home
Tenure = Leasehold
Lease = Long lease as only 4yrs old (length to be confirmed)
Service charge = Approx £700 half yearly (includes ground rent and buildings insurance)
Tenure : Leasehold
High Barnet (tube)
0.74 km
Totteridge & Whetstone (tube)
1.93 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 |
