The property has been lovingly looked after and refurbished by the owners both inside and out (including the chimney, new lead flashing and valleys only a few years ago).
Boasting large amounts of living space across 3 floors, this great family home consists of 4 bedrooms (3 double and 1 single), a family bathroom with separate shower and bath, an en-suite shower room plus additional guest WC.
On the ground floor you not only have a charactor filled living room with chevron flooring, feature panelled ceiling, fireplace and large bay window. But also a spacious, bright and modern open-plan kitchen and living area that looks out to the rear garden via the bi-folding doors. The kitchen boasts a "must have" kitchen island with gas hobs and overhead extractor, double oven, dishwasher and plenty of floor and wall mounted storage cupboards.
In addition, there is a large utility room with butler style sink and plenty of natural light via the sky lantern
The private rear garden is over 2 levels, separated by only 2 steps, and consists of both a lawn and decked area. As well as this, there is a fully functioning summer house with electricity, water and velux windows
There's also off street parking for 1 car as well as a garage, which there is potential to convert and extend ontop of STPP
Other key benefits include underfloor heating within the bathrooms, wiring for speakers within the bathrooms and open-plan living space plus an alarm
In terms of location, the property is next door to a secondary school and is the catchment area of several others. Bus links are a short walk away, as is the beautiful Friary Park. New Southgate train station is just 1 mile away
Viewings highly recommended for this beautiful family home
Tenure : Freehold
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 |