Description

A spacious two-bedroom, two-bathroom first floor apartment set in this desirable purpose-built block on Westchester Drive. The flat benefits from double-glazing, communal heating/hot water and a garage. The building benefits from a live-in porter/caretaker, communal gardens and parking.

Nb. The owners will pay the new owners first years service charge as an incentive.

This apartment offers larger than average living accommodation extending to over 880 sq ft and comprises of two bedrooms (one d Continued...

Letting fees

Compass Residential
Tenants Guide to Charges
Permitted Charges in accordance with the Tenant Fee Act 1st June 2019
Under the terms of the Tenant Fee Act if you enter into an assured shorthold tenancy, payments which may apply will be as follows:

First months rent
in advance
Tenancy Deposit
5 or 6 weeks depending upon the rental amount
Holding Deposit
Maximum one weeks rent
Early Termination when requested by the Tenant
A charge not exceeding the financial loss experienced by the landlord
Utilities, communication services, TV license and council tax

Default charge for replacement of loss of key/ security device
Equivalent to the cost incurred
Changing the tenancy documents after the commencement of the tenancy
50inc VAT
41.67 excl. VAT

A Non Housing Act Tenancy is formed when of the following criteria is in place:

The annual rent exceeds 100,000
The property is not used as a main or primary home

The property is occupied by an entity (Company let) rather an individual)
There is a Resident Landlord

Under the terms of the Tenant Fee Act if you enter into a non housing act tenancy, payments which may apply will be as follows:
Cost Net
(inclusive of VAT) (exclusive of VAT)

Check in Fee (checking you into the property and if available reviewing inventory)
72
41.67
Tenancy Agreement and Set up
300
250
Company Reference Fee (inc verification of details, credit check and Companies House check)
175
145.83
Individual Reference fee (per person)
50
41.67
Extensions Agreement Fee (negotiating and drafting extension to the fixed term
125
104.17
Arrears Fee
30
25
Pet Licence
75
62.50
If there are any guarantors for the tenancy

Guarantor Referencing Fee (verification of details, credit check, employer and accountant reference if available)
100
83.33
Deed of guarantee (drafting Deed negotiating clauses and executing document
75
62.50

Please note: The Initial Monies will be confirmed and must be paid by bank transfer. We do not have the facilities to accept cash at the branch

Property features

  • First floor apartment
  • Two bedrooms (one with fitted wardrobes)
  • Bathroom and shower room
  • Reception with dining area
  • Fitted kitchen
  • Fitted storage
  • Double glazing
  • Communal heating and hot water
  • Garage and parking for residents
  • Communal gardens
  • EPC
Travel time to work:

  • Hendon Central - 1.44km, 22 mins walk
    • Northern
  • Mill Hill East - 1.64km, 25 mins walk
    • Northern
  • Finchley Central - 1.70km, 26 mins walk
    • Northern

Rental Yield

Average rental value

£366pw

Average weekly rent of nearby 2 beds.

Annual rental yield

4.5%

Gross yield if rented for the average rent.

Sale price

Average asking price

£441,005

Average asking price of nearby 2 beds.

Value for money

4% cheaper

This property is slightly cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Compass Residential
1328 High Road, Whetstone, London, N20 9HJ

020 8115 2259

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