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The subject property is a two storey mid terrace house, constructed around the 1930s. The property has been extended to the rear at ground floor level and has had a loft erected above the roof space to form a four bedroom house. It has been re-wired and a new gas boiler and central heating system installed. The decorative order is modern and whilst it has nearly been completed there are some snagging items including the landscaping of the rear garden.
The property is located in a residential suburban street of similar 1930s mainly terrace houses. It is just south of the A110 Brookhill Road within the area of East Barnet just east of East Barnet Village.
The location is within the administrative borough of Barnet, which is an area of North London within the London Borough of Brent and bordered by Cockfosters and Southgate. It is close to all road links including the M25, A1 and M1.
The surrounding area is predominantly suburban residential with a number of primary and secondary schools nearby. All local amenities are within easy reach of the property.
The area does have the benefit of a tube station at its most northern part.
The second property is a flat in a residential development situated conveniently in the leafy, tree lined area of Palmers Green, North London. This luxurious development is one year old and this far superior secured block is located very near to Palmers Green Railway Station.
The borrower intends to repay the loan by refinancing.