Boasting an extremely high quality finish throughout, this recently refurbished (2020) apartment provides an abundance of living space. This is made up of a large lounge, 2 good size double bedrooms, 2 bathrooms (1 is en-suite) plus a seperate modern fitted kitchen.
Other benefits include an allocated parking space, lift, communal grounds, new flooring throughout, lots of built-in wardrobes within principle bedroom plus 2 storage cupboards within the hall. Carrying on the modern theme within the property, there's also a NEST smart heating system and both bathroom mirrors are LED and Bluetooth connected!
In terms of location, the flat is within walking distance to several schools, including Lyonsdown School and Grasvenor Avenue Infant School. Oakleigh Park train station is less than 15mins walk away, plus both High Barnet and Totteridge & Whetstone tube stations are under 20mins walk. There are also several bus links that can take you to either station, as well as all the shops, restuarants and supermarkets of the High Roads in Whetstone and High Barnet
Viewings highly recommended for this modern, spacious and well finished property
Tenure = Leasehold
Lease = Approx 977yrs remaining (999yrs from 1999)
Service Charge = Approx. £2,000pa (paid quarterly)
Ground Rent = Approx, £200pa
Tenure : Leasehold
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 |
