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176 Cranbrook Road,, Essex, IG1 4LX
£600,000
Location
Located on the northern side of London Road less than a mile from the QE2 Bridge via Stonehouse Lane. The A13 is approx. 2 miles distant. Purfleet c2c train station is only approx. 1.4 miles away providing a service to London (Fenchurch Street) in approx. 29 minutes.
The property
A mid-terrace unit of portal frame construction providing an eaves height of approx. 6m. Access is via a surface level roller shutter loading door. Internally, there is a ground floor office, staff room, disabled and gents toilet facilities with offices above.
Outside is a private fenced and gated yard.
Accommodation
Measured in accordance with the RICS Code of Measuring Guide the approximate gross internal floor area is:
Ground floor 4,141 sq ft 384 sq m
1st floor 460 sq ft 42 sq m
Total 4,600 sq ft 427 sq m
Yard 5,728 sq ft 532 sq m
Agents Note
No warranty is given is respect of the current planning use.
None of the amenities or fixtures and fittings have been tested.
This new lease is subject to 9 years for 55k per year for factory.
EPC
The EPC rating is D83.
Enquiries/viewing
Viewing is strictly by prior appointment only.
Please contact us on 02035001420 or email: [email protected]
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
176 Cranbrook Road,, Essex, IG1 4LX
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