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£500,000 Guide Price
Bedrooms
Guide Price 500,000 - 550,000. Chain free! We are delighted to offer this lovely bay fronted 3 bedroom bungalow in the sought after Marshalls Park area of Romford. Benefitting from full double glazing with recently installed plantation shutters, modern combi boiler, large lounge / diner, driveway parking for 3 vehicles and a large loft space perfect for extending (stpp). Call now to arrange your viewing.
Tarmac driveway parking for up to 3 vehicles.
Front door leads into a light and spacious hallway with access to all rooms. Radiator, neutral decor, loft access.
Living room; 5.3m x 3.9m
Located at the rear of the property and providing access directly to the garden, the large lounge / diner offers a small extension with ample space for living and dining furniture. Double glazed windows to rear and side, carpet flooring, neutral decor, radiators and feature gas fire place
Kitchen; 4.2m x 2.1m
Modern kitchen with wall and base units and rolltop worksurface. Overlooking the rear garden the kitchen comes with double mid level electric oven and gas hob with extractor. Space for white goods and access into the garden plus vinyl floor, splash back wall tiling, neutral decor and spot light fittings.
Bedroom 1; 5.2m into bay x 3.7m
Large master bedroom located at the front of the property and benefitting from a large double glazed bay window with recently installed plantation shutters allowing lots of natural light. Carpet flooring, radiator, ceiling lighting
Bedroom 2; 3.7m x 4.4m
Another very good size double bedroom with bay window to front fitted with plantation shutters. Benefitting from built in wardrobes, carpeted flooring, radiator and ceiling lighting.
Bedroom 3; 2.9m x 2.1m
Good size single bedroom with double glazed window, carpeted flooring, neutral decor, ceiling lighting and radiator
Bathroom;
Currently used as a shower room but able to install standard bath. Corner shower enclosure with mains shower and rainforest head, low level WC and wash hand basin set in vanity unit. Wall mounted mirrored cabinet, spot light fittings, chrome heated towel rail, laminate flooring and obscured double glazed window to rear.
Loft;
Loft ladder / access from the hallway. Large loft space spanning the property width and length. Ideal for extending (stpp) Boarded and insulted with fixed lighting.
Garden; Commences with a paved patio ideal for entertaining, remainder laid to lawn with established plants and shrubs. Side access.
EPC - D
Council tax band - E
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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