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713 Cranbrook Rd, Ilford, IG2 6RJ
£285,000 OIRO
Bedrooms
Bathrooms
Reception
Purpose Built Flat
Lift
Concierge Service
Lounge open to Kitchen
One Bedroom
Bathroom
Balcony
Close to Barking Station
Cranbrook Lettings Ltd are pleased to present this spacious one bedroom apartment on 02nd Floor in the modern building in the heart of Barking Town Centre.
This spacious apartment is located close to Barking Town Hall and is close to many facilities and local amenities within the contemporary surrounding. This property is situated minutes away from Barking Station which provides links into London. Local buses are also nearby providing convenient transport.
The apartment comprises of Spacious lounge open to kitchen, one bedroom, family bathroom and Balcony.
Entrance - Via security phone.
Lounge/Kitchen - Double glazed window to side. Wood style laminated flooring. Heating.
Kitchen: range of wall and base units. Electric cooker with extractor fan above. Plumbing for washing machine. Single bowl drainer sink unit.
Bedroom One- Double glazed window to side. Fitted wardrobes. Carpeted flooring. Heating.
Bedroom Two- Double glazed window to side. Fitted wardrobes. Carpeted flooring. Heating.
Bathroom - Panelled bath, wash hand basin and low flush w.c. Extractor fan.
Viewings are highly recommended.
Property Video -https://www.youtube.com/watch?v=DBet13fm7pk
Agents Notes:
Cranbrook Lettings is the sellers agent for this property. At the time of preparing these details we were unable to verify the lease, ground rent or maintenance (if applicable) charges. Should you proceed with the purchase of the property, these details must be verified by your solicitor. 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.
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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