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£750,000 Guide Price
Bedrooms
Bathrooms
'''GUIDE PRICE 750,000-775,000'''
Situated within and at the end of a cul-de-sac location and backing onto Risebridge Golf Course & Rise Park park is this four-bedroom detached family home. To the ground floor the property benefits from an entrance hall which leads onto a fitted kitchen/diner with some integrated appliances and an island, a living room measuring 28ft overlooking the rear garden, a ground floor shower room and access to an integral garage. To the first floor are four double bedrooms and the family bathroom. The property also benefits from an in & out driveway allowing off-street parking for multiple vehicles, an integral garage which could be converted to allow for further living space or a ground floor bedroom and a rear garden measuring 64ft
The property is located 1.3 miles to Gidea Park station and 1.4 miles to Romford station which both benefit from Elizabeth line services to London and as far as Reading. For commuters by car the road links include the A12, A127 and M25. There are a number of schools in the area including Rise Park Primary School, Parklands Primary School, Clockhouse Primary School, Marshalls Park Academy, Bower Park Academy and more. There are a number of green spaces locally including Rise Park park, Lawns Park, Risebrige Gold Course which is an 18-hole public course and just across the A12 is Raphael 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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