The 1st floor property is in immaculate condition throughout and boasts wood flooring in all rooms, double glazing, gas central heating (boiler approx 4yrs old) plus sound proofing within the floorboards
In terms of rooms, it consists of 1 double and 1 single bedroom, a good size living room, a full bathroom and separate kitchen. In addition, there is direct access from the kitchen down to the private section of garden which boasts a large shed, seating area and an array of foliage which provides additional privacy (please note: ground floor owner has "right of access" through the garden in order to reach the communal rear passageway)
Situated close to several schools, parks and shopping amenities, as well as bus links that lead to either Totteridge & Whetstone (Northern Line) or Arnos Grove (Piccadilly Line), this flat is ideal for a young family or first-time buyer
As an added bonus, there is a large loft which is currently accessed via a pull down ladder. This has aleady been boarded and insulated, as well electrics and a velux window installed. Subject to planning, this could potentially be extended into a full loft conversion
Tenure = Share of Freehold
Underlying lease = Approx. 110yrs remaining
Viewings highly recommended
Totteridge & Whetstone ()
1.00 km
Arnos Grove ()
1.21 km
Woodside Park ()
1.30 km
Southgate ()
1.36 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 |
