079CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£58,000 9.0% 62.9% 5 months
Assigned
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Additional Info

DRAWDOWN DATE : 17/10/2014
REDEMPTION DATE : 16/04/2015
FULL TERM OF THE LOAN : 6 months
INVESTMENT PERIOD : 5 months
CURRENT PROPERTY VALUE: £600,000
SECURITY : 2nd charge
PROPERTY TYPE : Residential
TENURE: Freehold

This semi detached 2-storey, 5-bedroom property was originally built in the 1930s and has recently been extended and refurbished. Works are still undergoing. The building is constructed around a conventional cavity brick walls which have been rendered under a clay tile roof with an additional loft room under “velux” style type windows.

The property is currently just completing first fix stage with all new wiring being completed. The new uPVC windows have been installed in all the rooms. The internal walls have been plastered. The floors remain uncovered. The kitchen and bathroom fittings have not yet been installed.

An attached side garage is being built. The house is to have gas central heating system with “megaflow” and combination boiler and under floor heating. The external areas require landscaping.

The property is situated on a residential street of similar type 1930s semis and detached housing. Auckland Road is located off the B556 Mutton Lane which runs into the centre of Potters Bar to the east and its railway station is close by. Potters Bar is a town in the Hertsmere borough of Hertfordshire, just off Enfield town centre, 18 miles north of Central London and is a commuter belt area for the City.

The nearest Underground Station is Cockfosters 2.5 miles away. The population of Potters Bar is 21,639. All local amenities are situated nearby.