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£500,000
Bedrooms
Bathrooms
Being sold with no onward chain is this three-bedroom semi-detached family home. To the ground floor the property benefits from an entrance hall, a 22ft through lounge with patio doors leading to the rear garden and a 14ft fitted kitchen with access to the flank. To the first floor are two double bedrooms, a further single bedroom and the family bathroom with separate WC. The property also benefits from off-street parking, and an 50ft East facing rear garden with a summer house and side & rear access.
Disclaimer: The Seller is a member of staff (or relative of) who is selling through the Romford Branch. Andrews Estate Agents has no financial interest in this transaction other than professional fees for agency services.
The property is situated 0.8 miles to Goodmayes Station which benefits from the Elizabeth Line allowing access to London, Heathrow and as far as Reading. Goodmayes & Chadwell Heath High Streets host an array of bars, restaurants, shops, amusements and Romford town centre has a number of shopping centres such as The Brewery, The Liberty, Mercury and more. There are a number of schools locally including, Newbridge School, Farnham Green Primary, Warren Junior School, Chadwell Heath Academy, The Warren Comprehensive School and more. There are green spaces locally including Seven Kings Park & St. Chads Park with a number of facilities in the grounds including a childrens play area, football pitches, tennis courts, a bowling green, basketball court and an ornamental garden.
Map location is not available for this property.
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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