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713 Cranbrook Rd, Ilford, IG2 6RJ
£350,000
Bedrooms
Bathrooms
Reception
Welcome to this stunningTwo-bedroom,Two-bathroomapartment situated in Heathside Close, Ilford. Boasting spacious interiors, a fully fitted kitchen, and stunning views, this home is perfect for First time buyers or Investors. With excellent transport links, local amenities, and vibrant surroundings, this is urban living at its finest!
Property Highlights:
Council Tax Band: C, EPC band : C .
This apartment is located on the second floor with ground floor communal gardens, disposal store room and inner bike store. The apartment is spacious boasting a large entrance hallway with ample storage. The open plan reception has a separate kitchen area and windows attracting a lot of natural light. Two spacious bedrooms with two half tiled bathrooms. The apartment has double glazed windows with boiler system supply gas central heating.
Living Room 4.5m x 3.2m (14'7 x 10'5)
Kitchen 3.4m x 1.9m (11'1 x 6'4)
Bedroom 4.2m x 2.7m (13'8 x 8'9)
En-Suite 2.2m x 1.7m (7'2 x 5'7)
Bedroom 3.4m x 2.6m (11'x 8'7)
Bathroom - 3.1m x 1.9m (10'3 x 6'4)
Located in a quiet residential area, this property offers a peaceful setting while being conveniently close to Ilfords vibrant shopping areas and excellent transport connections.
Dont miss out! Contact Cranbrook Lettings today to arrange a viewing.
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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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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.
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