|TOTAL LOAN AMOUNT
|AMOUNT FOR ASSIGNMENT
The loans of £291,000, £268,000 and £459,000 valued at total £1,850,000 (total LTV 55%) are cross collateralized, meaning that all three houses will remain as security until all three loans are paid in full. All three properties are located next to each other in an established residential location in Whetstone, an area in the London Borough of Barnet in north London.
The subject property comprises a 3 bedroom semi-detached house which dates to the 1930’s and is well presented.
The property is of traditional construction with solid brick walls and a part pebbledash render finish to the upper floors under a hipped and pitched tiled roof. The windows are uPVC double glazed with floors of suspended timber construction.
Externally the property has a small single garage together with garden areas to the front and the rear. Access to the garage is via a shared drive over. Off street parking is provided at the front of the property.
The subject property is located on the north west side of St Margarets Avenue, close to its junction with the High Road and within an established residential location in Whetstone.
St Margarets Avenue comprises a road of similar style residential dwelling houses within a short walk of the local services and facilities available on both High Road and Totteridge Lane. This includes Totteridge and Whetstone London underground station (Northern Line). In addition Oakleigh Park overground railway station is located within ½ mile of the subject property.
Whetstone is an area in the London Borough of Barnet in north London, bearing the postcode N20. It is to the east of Totteridge, and these areas are known together as Totteridge & Whetstone.