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£700,000 Guide Price
Bedrooms
Bathrooms
'''GUIDE PRICE 700,000-725,000'''
Sitting on a corner plot measuring over 2000sq ft is this six bedroom family home. The property has been extended to allow for a ground floor consisting of an entrance hall, ground floor bedroom/study with en-suite shower room, a 24ft living room, 16ft dining room with lantern, a 12ft fitted kitchen with access to a conservatory and a separate utility room. To the first floor are four double bedrooms, the master bedroom benefitting from another en-suite shower room. There is a further single bedroom and the family bathroom. The property also benefits from off-street parking, a rear garden measuring 56ft X 54ft with side access and a detached garage.
The property is located 0.3 miles to Collier Row High Street which hosts an array of shops, restaurants & amenities and 2.1 miles to Romford station which benefits from the Elizabeth line allowing access to London and as far as Reading. There are a number of schools in the area including Clockhouse Primary School, St. Patricks Primary, Bower Park Academy and Immanuel School. There are also a number of green spaces such as Havering Country Park and Bedfords Park.
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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