3 bedroom town house for sale

£650,000

3

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Could this spacious three-bedroom duplex townhouse with two private balconies in the heart of East London be your next move? Now for sale in London E11, this well-presented home offers generous living accommodation across three floors, excellent transport links, and is ideal for first-time buyers, sharers, or investors alike. The property is currently tenanted and offered with no forward chain.

Located on Steele Road, just moments from Leyton Underground Station, this spacious townhouse spans over 1582 sq ft. The second floor includes a bright open-plan kitchen, two double bedrooms, and access to one of the two private balconies. Upstairs, a spacious principal bedroom occupies the entire top floor with its own balcony, an en-suite shower room, and a vaulted ceiling that enhances the sense of light and space. Wooden flooring flows throughout the property, and both balconies provide welcome outdoor space for relaxing or growing plants.

Leyton is a thriving East London neighbourhood with a strong sense of community and excellent local amenities. Just a short walk away, Francis Road offers a range of independent cafs, bakeries, restaurants and boutique shops. For larger shopping trips, Westfield Stratford City is just one stop away on the Central Line. Green spaces are also close by, with Coronation Gardens just around the corner offering lawns, tennis courts, and a play area €“ perfect for a breath of fresh air or weekend leisure.

Families will benefit from excellent local schools. Newport School, a nearby primary, is rated €œOutstanding€ by Ofsted, while Buxton School, a local secondary option, is rated €œGood€. Both are within easy reach of the property.

With Leyton Underground Station (Central Line) just a 5-minute walk away, commuting into Central London is fast and convenient, taking you directly to Liverpool Street in under 15 minutes.

This chain-free townhouse offers flexibility and potential, whether you are looking to move in yourself or purchase as a buy-to-let investment. Enquire today to arrange your viewing.
New Home: Non New Home

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

£ 538950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • 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

£ 51450
  • 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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