| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£164,972 | 7.5% | 55.0% | 8 months |
|---|
The property is a 2 bedroom 1950’s bungalow within an estate of similar properties in need of comprehensive refurbishment and repair. The property is situated on a gently sloping site rising from the road and situated 5 minutes’ walk from the main line railway station.
The property is constructed of solid masonry walls under a pitched tiled roof with replacement uPVC windows.
The property is accessed from a pedestrian footway and crossover from Penrose Avenue. There is a small front garden and block driveway leading along the side of the property to a rear depilated timber garage, and a large rear garden.
The property is located in a south western suburb of Watford within Hertfordshire and the Greater London Area. It has a local centre including a range of shops and a railway station known as Carpenders Park.
The area comprises a large estate of council houses and bungalows predominantly constructed in the 1950’s. The majority were sold off under right to buy legislation and are now owner occupied.
The borrower intends to refurbish the security property and repay the loan by selling it.
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