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713 Cranbrook Rd, Ilford, IG2 6RJ
£550,000 Guide Price
Bedrooms
Bathrooms
Reception
Delightful Three-bedroom terrace property nestled in the sought-after locale of Hainault. Situated just 0.4 miles away from the convenient Hainault Central Line Station.
Ground Floor offers Living room , Dining area and beautifully tiled Extended German kitchen. The kitchen also benefits from under floor heating. A kitchen sunroof to enhancing aesthetics, a kitchen skylight increases natural light, which can improve mood and reduce electricity costs, and can even increase a home's value.
Skylights flood the kitchen with sunlight, making it feel brighter, more open, and more visually appealing.
The Ground Floor also benefits from Ground Floor Shower Room with Toilet. Beautiful, well maintained garden, tiled and grass area.
The First floor comprises of Three Bedrooms with One family bathroom.
This property promises an idyllic family lifestyle with sought-after schools conveniently close by, ensuring quality education for your children. Additionally, the proximity to Fairlop Waters and other playing fields offers a recreational activity, perfect for weekend adventures and leisurely strolls.
Also Boasting a detached Shed, this property offers both convenience and functionality.
Don't miss out on the chance to transform this property into your dream family home. Approved planning permission in place for Loft conversion with a rear dormer.
Cranbrook Lettings Ltd is the seller's 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.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Please note that a sale cannot be formally agreed, and a memorandum of sale cannot be issued, until all parties have provided valid identification and the verification process has been successfully completed.
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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