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713 Cranbrook Rd, Ilford, IG2 6RJ
£220,000
Bedrooms
Bathrooms
Reception
Cranbrook Lettings is pleased to offer this well-maintained one-bedroom apartment in City gate House. This generous one-bedroom flat can be found on the third floor and has stunning views of Gants Hill and the surrounding area. The apartment comprises of One Double Bedroom, Lounge, Kitchen and Bathroom.This apartment is conveniently located minute walk from Gantshill station as well a local Tesco and easy transport links to Ilford and Barkingside. Close to Gearies School. This is ideal for city commuters.
Property Highlights:
EPC Rating : B . Council Tax Band : B
Nestled in the heart of Ilford, City Gate House offers the perfect balance of urban convenience and suburban charm. Just a short walk from Gants Hill Station (Central Line) and close to Ilford Station (Elizabeth Line), commuting to Central London, Canary Wharf, and beyond is effortless. The area boasts a vibrant selection of shops, restaurants, and cafs, with Ilford Exchange and Westfield Stratford nearby. Residents can unwind in the picturesque Valentines Park or enjoy leisure activities at Fairlop Waters. With top-rated schools, excellent transport links, and a thriving community.
Viewings are recommended. 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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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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