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£800,000 Guide Price
Bedrooms
Bathrooms
''' GUIDE PRICE 800,000 - 850,000 '''
Sitting on a plot measuring approximately 1914sq ft is this 4 bedroom detached and extended family home. To the ground floor the property benefits from a 26ft living room with built in bar area and access to a conservatory, a 12ft fitted kitchen, a further reception/games room, a ground floor WC and access to a garage. To the first floor are three double bedrooms, one of which also benefits from fitted wardrobes and an en-suite shower room. There is also a further single bedroom and 3-piece family bathroom suite. The property also benefits from rear garden measuring approx. 53ft x 35ft with a heated swimming pool, side access and off-street parking for multiple vehicles to the front.
The property is located 0.5 miles to Gidea Park station and 0.6 miles to Romford Station which benefits from the Elizabeth Line allowing access to London and as far as Reading. Romford station also benefits from National Rail services making it possible to reach Stratford in just 8 minutes and London Liverpool Street in 17 minutes. Romford high street hosts an array of bars, restaurants, shops, amusements and shopping centres such as The Brewery, The Liberty, Mercury and more. There are a number of schools locally including The Frances Bardsley Academy for Girls, Hylands Primary School, Squirrels Heath Junior School, Gidea Park Primary School, The Royal Liberty School, The Albany School and more. Hylands park is located 0.4 miles from the property which is an 11-acre park hosting a range of sports activities such as tennis, football and cricket and has a childrens playground.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,459.73
Total Interest: £445,504.57
Overall Total: £1,245,504.57
Amortization For Monthly Payment: £3,459.73 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £25,364.47 | £16,152.35 | £783,847.65 |
| 2026 | £24,839.94 | £16,676.88 | £767,170.77 |
| 2027 | £24,298.38 | £17,218.43 | £749,952.34 |
| 2028 | £23,739.24 | £17,777.58 | £732,174.76 |
| 2029 | £23,161.94 | £18,354.88 | £713,819.88 |
| 2030 | £22,565.89 | £18,950.93 | £694,868.95 |
| 2031 | £21,950.49 | £19,566.33 | £675,302.62 |
| 2032 | £21,315.10 | £20,201.72 | £655,100.91 |
| 2033 | £20,659.08 | £20,857.74 | £634,243.17 |
| 2034 | £19,981.76 | £21,535.06 | £612,708.10 |
| 2035 | £19,282.44 | £22,234.38 | £590,473.72 |
| 2036 | £18,560.41 | £22,956.41 | £567,517.31 |
| 2037 | £17,814.93 | £23,701.89 | £543,815.42 |
| 2038 | £17,045.25 | £24,471.57 | £519,343.85 |
| 2039 | £16,250.57 | £25,266.25 | £494,077.60 |
| 2040 | £15,430.09 | £26,086.73 | £467,990.87 |
| 2041 | £14,582.96 | £26,933.86 | £441,057.01 |
| 2042 | £13,708.32 | £27,808.50 | £413,248.51 |
| 2043 | £12,805.28 | £28,711.54 | £384,536.97 |
| 2044 | £11,872.91 | £29,643.90 | £354,893.06 |
| 2045 | £10,910.27 | £30,606.55 | £324,286.52 |
| 2046 | £9,916.37 | £31,600.45 | £292,686.07 |
| 2047 | £8,890.19 | £32,626.63 | £260,059.44 |
| 2048 | £7,830.69 | £33,686.13 | £226,373.31 |
| 2049 | £6,736.78 | £34,780.04 | £191,593.27 |
| 2050 | £5,607.35 | £35,909.47 | £155,683.81 |
| 2051 | £4,441.24 | £37,075.57 | £118,608.23 |
| 2052 | £3,237.27 | £38,279.55 | £80,328.68 |
| 2053 | £1,994.20 | £39,522.62 | £40,806.06 |
| 2054 | £710.76 | £40,806.06 | £0.00 |
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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Fri May 16 2025
All confirmed! We look forward to speaking with you.
Fri May 16 2025
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