Two bedroom flat for sale

£350,000 Guide Price

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

Guide Price 350,000 -- 375,000.

Chain Free.

Call us today to organise your viewing for this stunning Two Bedroom Second Floor Flat, situated within walking distance of Gants Hill tube and Barkingside High street and station. There is residents parking, with a One allocated parking space and communal grounds surrounding the block, plus an unexpired lease of 113 years. The communal areas are landscaped and maintained to a very high standard.

Details :

Solid wood flooring with under floor heating, storage cupboards, recessed lighting to ceiling, cornice coving to ceiling.

Bedroom One : 3.3m x 2.6m . Double glazed window to front, cornice coving to ceiling, recessed lighting to ceiling and fitted wardrobes

Bedroom Two 4.9m x 2.6m. Double glazed window to front, cornice coving to ceiling, recessed lighting to ceiling and fitted wardrobes

Reception /Kitchen / Dinning 7m x 4m. Double glazed window to front and flank, solid wood flooring, selection of modern eye and base level units, integrated fridge freezer and dish washer, wall mounted Worcester boiler, integrated oven/hob and extractor hood, integrated microwave, under floor heating and quartz work surface

Bathroom 2.4m x 2m . Tiled floor, level flush WC, wash basin, shower unit , recessed lighting to ceiling, extractor fan and mirror wall behind the sink, plus quartz shelving and surfaces

Allocated parking for one car in the residents parking area.

DIRECTIONS: WalkeastonGants Hill , Exit the roundabout ontoCranbrook Rd towards barkingside.

The property will arrive on your left hand side, doors away from Cranbrook Lettings Ltd.

Contact us to arrange a viewing.

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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360 Virtual Tour



Features
  • Leasehold

Nearest Stations:

0.44 miles
Gants Hill
0.72 miles
Barkingside
0.82 miles
Newbury Park
1.27 miles
Fairlop
1.53 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

£ 291450

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
    £ 8750
  • 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

£ 28950
  • 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

Adjust these figures

  %
  %
£
  %

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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