Are you an Estate Agent? Register here
£700,000 Guide Price
Bedrooms
Bathrooms
''' GUIDE PRICE OF 700,000 - 750,000 '''
Being sold with no onward chain and sitting on a plot measuring approximately 1745sq. ft is this extended four-bedroom semi-detached family home. To the ground floor the property benefits from a 27ft sitting/dining room and an open plan fitted kitchen with number of integrated appliances, a separate living room and a ground floor utility room with WC. To the first floor are two double bedrooms and a family three-piece bathroom suite. To the second floor is the principle bedroom which benefits from an en-suite shower room and built in storage space and a further single bedroom. The rear garden measures 76ft and benefits from a multi-purpose outbuilding which is currently being used as a gym and has a separate shower room. The property also benefits from off-street parking for multiple vehicles to the front with side access to the garden.
Situated 0.76 miles to Romford station and 0.93 miles to Gidea Park station which both benefit from Elizabeth Line services allowing access to London, Heathrow 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. Raphael Park which is famous for Blacks Lake and the water fountain, offers a range of leisure facilities is located just 0.3 miles from the property. Gidea Park high street hosts an array of pubs, bars, restaurants and shops, as does Romford town centre which also has a number of shopping centres including The Brewery, The Liberty, Mercury and is known for its historic market. There are a number of schools locally including Gidea Park Primary School, St. Edwards Primary School, St. Peters Primary School, Marshalls Park Academy, The Frances Bardsley Academy for Girls and more. Road links include the A12, A127 & M25 for commuters by car.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy