Blue Satin Homes

Suite 206, 2nd Floor, Olympic House, 28-42 Clements Road, Ilford, Essex, IG1 1BA

Cranley road, newbury park, ilford, essex, ig2 6af

£575,000 Guide Price

4

Bedrooms

3

Bathrooms

1

Reception

GUIDE PRICE: 575,000 - 625,000

This charming four bedroom terraced house nestled in the desirable neighborhood of Newbury Park, Ilford. With its modern design and spacious interior, this property offers a comfortable and stylish family living experience.

As you enter the house, you are greeted by a welcoming hallway that leads you into the heart of the home. The ground floor features a generously sized living room, perfect for entertaining guests or relaxing with your loved ones. Large windows allow ample natural light to flood the space, creating a bright and airy atmosphere.

Adjacent to the living room is a well appointed kitchen, with plenty of storage space for all your culinary needs. The dining area, conveniently located within the kitchen, provides an ideal setting for family meals and hosting gatherings. Not forgetting the ground floor shower room for easy of access.

Moving upstairs, you will find four bedrooms of which three are doubles, each room offers a peaceful retreat for rest and relaxation. The main bedroom, in the loft, boasts an en-suite shower room, adding a touch of luxury and privacy. The remaining three bedrooms share a well-appointed family shower room, ensuring convenience for all residents.

This terraced house also benefits from a private garden, perfect for outdoor activities, gardening, or simply enjoying the fresh air. The garden provides an excellent space for children to play or for hosting summer barbecues with friends and family.


Description

Porch: 6'3" x 3'3" ft (1.944m x 1.029m): Via sliding double glazed door. Power point. Light switch. Ceramic tiled flooring. Door to hallway

Hallway: 14'4" x 5'4" ft (4.394m x 1.661m): Via double glazed door. Power point. Wall
mounted lights. Understairs storage housing meters.
carpet flooring. Stairs to first and second floor landing.
Door to lounge and kitchen.

Lounge: 26'8" x13'6" > 11'7" ft (8.170m x 4.163m > 3.569m): Double glazed bay window to front. Power points. Sliding double glazed doors to dining area. Carpet flooring

Kitchen / Diner: 21'9" x 6'3" < 14'9" ft (6.684m x 1.944m < 4.556m): A range of base and wall units. Intergrated oven and grill. Fitted gas hob with extractor over. Under cabinet lighting. Plumbing for washing machine and dishwasher. Power points. A range of ceiling lights. Ceramic filed flooring. Door to ground floor Shower room. Door to rear garden.

Ground Floor Shower Room: 10'2" x 2'6" ft (3.120m x 0.806m): Obscured window to rear. Shower enclosure with 2 way shower system. Wall mounted wash hand basin. Internal door to low level W.C. Ceramic tiled flooring.

Landing: 9'1" x 7'8" ft (2.766m x 2.386m): Access to floor accomodation. Power Points. Spot lights to ceiling. Carpet flooring. Stairs to second floor accommodation.

Bedroom One: 12'9" x 10'4" ft (3.938 (into bay) x 3.185m (to wardrobe)): Double glazed bay window to front. Power Points. Laminate flooring. Fitted wardrobes to wall.

Bedroom Two: 12'1" x 9'5" ft (3.663m x 2.903m to wardrobe): Double glazed window to rear. fitted wardrobes. Power Points. Laminate flooring.

Bedroom Three: 7'3" x 6'2" (2.231m x 1.896m): Double glazed window to front. Laminate Flooring. Wall mounted storage at high level.

First Floor Shower Room: 7'1" x 4'7" (2.166m x 1.459m): Obscure window to rear. Shower enclosure. 2 shower systems; one of which is electric while the other is a 2-way system. Washaler. hand basin with vanity. Wall mounted extractor. Ceramic tiled walls and flooring.

First Floor WC: 7'1" x 2'3" (0.729 x 2.166m): Obscure window to rear, low level W.C. Wall mounted extractor.Ceramic tiled flooring.

Second Floor Landing: Velux window sky light. Power point Laminate flooring. Door to shower room and door to main bedroom (bedroom 4).

Shower Room: 6'1" x 6'1" (1.843m x 1.843m): Obscure window to rear. Shower encloser. 2-way shower mixer. A range of wall and base units. Hand wash basin with mixer tap. Low level W.C. Ceiling mounted extractor. Ceramic tiled walls and flooring

Bedroom Four (Main): 16'2" x 14'1" (4.948m x 4.298m): Double glazed window to rear. Two velux windows to front. Boiler cupboard housing wall mounted boiler and megaflow hot water tank. Power Points. Laminate flooring

Rear Garden: 41' x 20ft (12.669m x 6.160m) approx: Concrete slab paved area. Lawn area to center. Shrubs and boarders to sides. Brick built shed at rear with power and lighting. Outside tap. Brick built barbeque area

Front Garden: Parking for 2 vehicles. Outside tap. Shrub and boarder to one side.

Nearest Stations:

0.48 miles
Newbury Park
0.69 miles
Gants Hill
0.91 miles
Seven Kings
1 miles
Barkingside
1.02 miles
Ilford

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 45825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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