3 bedroom semi-detached for sale

£600,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

Situated on the sought after Kenilworth Gardens close to Westcliff High Grammar Schools and within easy access of Southend University Hospital, we are delighted to offer for sale this spacious three bedroom semi detached family home. Offering great potential, the property does need some cosmetic improvements but the extended ground floor offers spacious living accommodation whilst the first floor offers three bedrooms and a family bathroom whilst the accommodation is topped off with a useful converted loft/ storage room. Externally there is an approx. 70 rear garden and the front offers block paved off street parking for several vehicles as well as a garage. Viewing advised.

Accommodation Comprising - Lead lite glazed twin timber doors providing access to enclosed storm porch with lead lite glazed windows to front and side. uPVC double glazed front door to...

Entrance Hall - Obscure double glazed window to front, staircase to first floor, understairs storage cupboard, wood flooring, smooth plastered coved ceiling with ceiling rose, doors off to...

Front Lounge - 5.26m into bay x 4.24m (173 into bay x 1311) - Lead lite double glazed bay window to front, radiator, feature open fireplace with stone surround and matching hearth, smooth plastered coved ceiling with ceiling rose...

Cloakroom - 2.06m x 1.42m (69 x 48) - White suite comprising low level W.C., vanity corner wash hand basin, radiator, wood flooring, smooth plastered coved ceiling with inset spotlights, obscure glazed window to rear...

Rear Lounge - 4.17m x 3.63m (138 x 1111) - Radiator, feature open fireplace with stone surround and matching hearth, smooth plastered coved ceiling with ceiling rose, opening to...

Breakfast Room - 6.58m x 2.49m (217 x 82) - Large double glazed sliding patio doors to rear garden, additional double glazed window to rear and stable door to side, three skylight windows, radiator, wood flooring, smooth plastered ceiling, opening to...

Kitchen - 3.15m x 2.69m (104 x 810) - Range of fitted base units with toning roll edged working surfaces over, inset single drainer stainless steel sink unit, integrated stainless steel gas hob with oven below and concealed extractor hood over, integrated fridge/ freezer and dishwasher, matching range of wall mounted cupboards and glazed display cupboards, tiled splashbacks and flooring, two double glazed windows to side...

First Floor Landing - Oriel double glazed bay window to side, additional skylight window, staircase to second floor, smooth plastered ceiling, doors off to...

Bedroom 1 - 5.41m into bay x 4.27m (179 into bay x 14) - Lead lite double glazed bay window to front, radiator, smooth plastered coved ceiling with ceiling rose...

Bedroom 2 - 4.17m x 3.78m (138 x 125) - Double glazed window to rear, radiator, smooth plastered coved ceiling...

Bedroom 3 - 2.69m x 2.18m (810 x 72) - Lead lite double glazed window to front, radiator, smooth plastered coved ceiling...

Bathroom - 2.64m x 2.41m (88 x 711) - Suite comprising freestanding roll top bath with mixer tap and shower attachment, large walk in fully tiled shower with glazed doors, vanity wash hand basin, low level W.C., heated towel rail, tiled flooring, smooth plastered ceiling with inset spotlights, obscure double glazed window to rear...

Second Floor Loft Room - 5.16m x 4.62m (1611 x 152) - Variety of skylight windows to front and rear aspects with fitted blinds, radiator, access to eaves storage cupboards, smooth plastered ceiling... (We understand that Building Regulation consent was never provided as a door was not installed although we cannot guarantee that this would be all that is required to meet current Building Regulations)

Externally -

Rear Garden - Approx. 70 in depth and comprising paved patio area, remainder mostly laid to lawn with established flower/ shrub borders, pond, timber summerhouse, door providing access to...

Garage/ Utility - 5.31m x 2.13m plus 1.73m x 1.02m (175 x 7 plus 5 - Up & over door, power and light connected, wall mounted gas boiler, hot water cylinder, plumbing for washing machine...

Front Garden - Block paved providing off street parking for several vehicles...

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

£ 497700

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
    £ 15000
  • 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

£ 47700
  • 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

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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

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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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