Situated on the ground floor of this purpose built block is a stunning and very spacious flat which boasts huge amounts of living space.
This includes 2 good size double bedrooms, a modern fully tiled bathroom plus addional guest WC, a spacious modern kitchen with breakfast bar area and a large living room that boasts direct access to the communal garden via the sliding patio door.
This large, beautiful apartment has been meticulously refurbished to a very high standard throughout and boasts several key and unique benefits, these include: share of freehold, direct access to garden area and a garageIn terms of location, the property is great for commuters with New Barnet train station only a short 6min walk away. As well as this, there's several amenities on the high road which include coffe shops, restaurants, a gym plus a large Sainsburys. There's also several schools just a short walk away, making it perfect for families
Tenure = Share of Freehold
Service Charge & Ground Rent = Approx 1,100pa
Viewings highly recommended for this very spacious, modern flat
High Barnet (tube)
0.81 km
Totteridge & Whetstone (tube)
1.08 km
Cockfosters (tube)
1.24 km
Oakwood (tube)
1.92 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 |
