House For Sale Vineyards Road, Potters Bar, EN6

£80,000

Auction Property
1 of 1
  • Description
  • Street View
  • Maps
We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 29th June 2024

Description

Location: Plot of land situated on the north side of Vineyards Road, opposite existing residential properties, offering a speculative opportunity in a popular and established area just north of London and the M25.

Northaw village is located northeast of Barnet and northwest of Enfield, both of which offer easy access to a range of shopping and recreational facilities. The M25 motorway lies to the south, with access available at junction 24, while the A1(M) is located to the west. Cuffley railway station, within a two-mile radius, provides direct services to Moorgate with a journey time of over 40 minutes, while Potters Bar station, within three miles, offers direct links to Kings Cross with a journey time of around 20 minutes.

Description: The plot currently consist mainly of grassland, offering immediate opportunities for various uses such as leisure, grazing, equestrian activities, and other associated uses. The properties are being sold on an unconditional basis; however, given their proximity to nearby residential dwellings, potential buyers may consider future development potential. Although no formal or informal planning approach has been made to the local authority, the seller has commissioned computer-generated images to illustrate how a residential development could be achieved on the land, subject to necessary consents. Potential buyers are advised to conduct their own research regarding development prospects and may use the provided images as a starting point for their own pre-application planning inquiries and advice.

Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1500 and contracts are exchanged.

The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).

To register to bid on the property, find the property on the Benjamin Stevens Auctions website. Click onto the property, follow the link to “Log in/register to bid” You will then be directed to create an auction passport account through our partners, the Essential Information Group.
Agent Details
Benjamin Stevens
194 Station Road, Edgware, HA8 7AT
Show Contact Number
020 8958 1118

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

£485,000
Potters Bar, EN6
Terraced
6.4
£1,000,000
Potters Bar, EN6
Detached
2.9
£980,000
Potters Bar, EN6
Detached
2.9
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested