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£550,000 Offers in excess of
Bedrooms
Bathrooms
Sitting on a plot measuring approximately 1337sq ft is this three-bedroom semi-detached family home which has been extended to the rear. To the ground floor the property benefits from an through lounge with bay windows, fitted kitchen/diner with a number of integrated appliances, island, sky light & bi-folding patio doors leading to the garden measuring 28ft and utility room with ground floor WC. To the first floor are two double bedrooms, the principle bedroom benefitting from fitted wardrobes, a further single bedroom and the family bathroom. The property also benefits from a south-westerly facing rear garden with an outbuilding which is being used as an office and there is permit parking to the road.
Romford station is located 0.6 miles from the property and benefits from Elizabeth Line services allowing access to London and as far as Reading. Romford station which also benefits from National Rail Service making it possible to reach Stratford in just 8 minutes and London Liverpool Street in 17 minutes. Romford town centre hosts an array of bars, restaurants, shops, amusements and shopping centres such as The Brewery, The Liberty, Mercury and more. There are also green spaces in Romford and the surrounding areas including Cottons Park, Lodge Farm Park, Raphael Park. There are also a number of schools locally including The Mawney foundation, Crowlands Primary, St. Edwards, St. Peters, Marshalls Park Academy & more.
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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