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£450,000 Offers in excess of
Bedrooms
Chain free! We are delighted to offer this 3 bedroom family home in the sought after Rise Park area of Romford. In need of modernisation but offering a large south facing garden with potential to extend and add outbuildings, off street parking to front, through lounge / diner and lots more.
Having been owned by the same family for many years, the property has been a warm, loving family home which can be felt as soon as you walk through the door.
Any new owner can be reassured with the addition of a new boiler in recent years and full double glazing throughout.
Call now to view
Concrete driveway with shared drive to side providing access to garage and parking to front of property. Established front garden.
UPVC double glazed porch leads to inner wooden glazed front door and.....
Hallway;
Papered walls with carpeted flooring, double panel radiator, ceiling lighting and access to kitchen and living rooms.
Lounge / diner; 7.9m x 3.9m
Very good size through lounge / diner with UPVC double glazed windows to front and back providing ample light. Carpeted flooring, papered walls with picture rail, ceiling lighting, fireplace to lounge and diner, double panel radiators
Kitchen; 3.8m x 2.4m
Dated kitchen in need of updating, but fully functionable with base units, worksurface, stand alone butler sink, gas cooker, space for white goods, splash back tiling, vinyl flooring, double panel radiator, wall mounted boiler, double glazed windows to rear and side plus door leading to garden.
Carpeted stairs and papered walls with double glazed window to side leads to first floor landing with same decor / flooring. Access to loft space.
Bedroom 1; 4m x 3.3m
Double glazed window to front of property, corner fireplace, papered walls and carpeted flooring. Double panel radiator, ceiling lighting and ample space for bed and furnishings.
Bedroom 2; 3.7m x 3.3m
Double glazed window overlooking rear garden. Papered walls with picture rail, carpeted flooring, space for bed and furnishings, double panel radiator, ceiling lighting
Bedroom 3; 2.4m x 2.1m
Good size single bedroom with double glazed window overlooking rear garden. Double panel radiator, built in storage cupboard, ceiling lighting, papered walls.
Bathroom;
Obscured double glazed window to front, part tiled walls with 3 piece suite consisting of panelled bath with taps, low level w/c and wash hand basin. Double panel radiator and ceiling lighting.
South facing Garden; approx 85ft (25m)
Single garage set back from the property and accessed via shared driveway also provides access into rear garden. Concrete patio with ample space for garden furniture to enjoy the well established south facing garden.
Council tax band - E
EPC - D
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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