| TOTAL LOAN AMOUNT | AMOUNT FOR ASSIGNMENT | INTEREST PER ANNUM |
LOAN-TO VALUE |
INVESTMENT PERIOD |
£398,325 | 5.0% | 23.0% | 11 months |
|---|
The subject property is a c.1930s three storey detached house which is undergoing significant building works to facilitate a part single part two storey side and single storey rear extensions and roof extension with dormers.
The property is of traditional cavity brick/blockwork construction under a part pitched tiled part flat roof. Upon completion of works, the subject property is proposed to contain six bedrooms, four bathrooms/shower, a large L-shaped lounge/dining room and kitchen, separate WC and an additional reception room.
The external accommodation is limited to a forecourt providing parking for one car. To the rear is a brick garage which has been converted into a gym. There are small areas of grassed garden and mature trees at the rear boundary.
The subject property lies within an established residential area on a road with characteristically large detached and semi-detached properties of varying age and constriction. It is within walking distance of Finchley Central (Norther Line) tube station and has good transport links via the A1 and M1 Motorways.
The borrower intends to repay the loan by selling the security property.
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