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£425,000 Guide Price
Bedrooms
Bathrooms
'' GUIDE PRICE 425,000 - 450,000 '' This delightful semi-detached chalet presents a fantastic opportunity for buyers looking to invest in a property with great potential in a desirable location. Built circa 1930, the property boasts a characterful exterior and a spacious interior, featuring two inviting reception rooms that provide ample space for relaxation and entertaining. With two well-proportioned bedrooms upstairs and a potential third bedroom to the ground floor, this home is perfect for small families or couples seeking extra space. The layout allows for comfortable living, while the potential for modernisation invites you to personalise the property to your taste and style. The large west-facing garden is a lovely feature, providing a sunlit outdoor space ideal for enjoying warm summer evenings. Additionally, the property benefits from off-street parking and being situated in close proximity to Southchurch Park, residents can enjoy the beauty of nature and recreational activities just a short stroll away whilst Southend East rail station is easily accessible. The absence of a chain means you can move in without delay, making this property an attractive option for those eager to settle into their new home.
Accommodation Comprising - Front door to...
Entrance Hall - Staircase to first floor, understairs storage cupboard, radiator, doors off to...
Cloakroom - Suite comprising low level W.C., vanity wash hand basin, radiator, tiled walls. obscure double glazed window to side, additional lead lite double glazed window to front...
Lounge-Diner - 9.19m x 3.63m (302 x 1111) -
Lounge Area - 4.70m into bay x 3.63m (155 into bay x 1111) - Lead lite double glazed bay window to front, radiator, coved ceiling, opening to...
Dining Area - 4.37m x 3.63m (144 x 1111) - Double glazed sliding patio doors to rear garden, radiator, coved ceiling...
Dining Room/ Bedroom 3 - 4.11m x 3.43m (136 x 113) - Double glazed window to rear, radiator, built in storage cupboard with obscure double glazed window to side, archway to...
Kitchen - 3.30m x 2.97m max overall (1010 x 99 max overall - Range of fitted base units with toning roll edged working surfaces over, inset single drainer stainless steel sink unit, space and plumbing for washing machine, space for gas cooker, matching range of wall mounted units, wall mounted gas central heating & hot water boiler, built in storage cupboard, smooth plastered ceiling, obscure double glazed door and window to side...
First Floor Landing - Doors off to...
Bedroom One - 5.11m x 3.20m (169 x 106) - Lead lite window to front, radiator, range of fitted wardrobe cupboards, eaves storage cupboard...
Bedroom Two - 4.11m x 2.57m (136 x 85) - Lead lite glazed window to side, radiator, eaves storage cupboard...
Shower Room - 3.02m x 1.60m (911 x 53) - Suite comprising large glazed shower cubicle, pedestal wash hand basin, low level W.C., radiator, fully tiled walls, obscure lead lite glazed window to side...
Front Garden - Driveway providing off street parking, double wrought iron gates leading to side of property, remainder mostly laid to lawn with established flower/ shrub borders...
West Facing Rear Garden - Approx. 70 in depth secluded rear garden comprising paved patio area, remainder mostly laid to lawn with established flower/ shrub borders, two timber sheds, wrought iron gates to side...
Map location is not available for this property.
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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