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713 Cranbrook Rd, Ilford, IG2 6RJ
£370,000 Offers in excess of
Bedrooms
Bathrooms
Reception
Cranbrook Lettings is Delighted to Present this Three-Bedroom Property in Tomswood Hill, IG6
This First Floor three-bedroom Flat offers a comfortable living space, perfect for families. Currently the flat has three double bedrooms, fitted kitchen, bathroom and lounge with inner storage room. Other benefits include double glazing throughout, gas central heating, rear garden with side access.
The property includes:
Three Bedrooms
Chain Free
One Bathroom
Spacious Kitchen/Diner
Garden
Located in a well-connected area, the property is within easy reach of various local amenities including Claybury Park, Fullwell Cross Leisure Centre, cafes, and restaurants. Public transport is easily accessible, with Hainault Station just 1.3 km away, and other nearby stations including Fairlop and Grange Hill .
Nearby Primary & Decondary Schools.
This property offers the perfect balance of convenience, comfort, and local amenities.
Any interested parties should contact Cranbrook Lettings ASAP to arrange an internal inspection of the property.
DISCLAIMER: Cranbrook Lettings is the sellers agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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Virtual Tour
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.
713 Cranbrook Rd, Ilford, IG2 6RJ
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