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713 Cranbrook Rd, Ilford, IG2 6RJ
£725,000
Bedrooms
Bathrooms
Reception
Located in the vibrant area of Ilford, this five-bedroom terraced house on Springfield Drive offers a substantial living space for families or those requiring extra room. The property comprises five well-proportioned bedrooms, providing flexibility for use as additional living areas or home offices. The two bathrooms ensure convenience for larger households, while the Spacious Lounge serves as a central gathering space for relaxation and entertainment.
The layout of the house is designed for practicality and ease of living. The kitchen is equipped with essential appliances, offering a functional space for meal preparation.
The ground Floor offers Lounge, Kitchen cum dinning area, Utility room, garden and spacious shed. First Floor consist of Three Bedroom and Bathroom. Second floor consist of Two bedroom and shower room.
Ilford is a bustling town with a range of amenities and services. Residents of Springfield Drive benefit from proximity to local shops, schools, and public transport links, making it a convenient location for daily commuting and errands. The area is well-served by public transport, with Ilford Station providing access to Central London and other parts of the city. Additionally, the town offers a variety of recreational facilities, parks, and community centres, contributing to a vibrant community atmosphere.
Contact us to arrange a viewing.
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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