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87 Park Lane, Hornchurch
£900,000
Bedrooms
Development Potential
Apple Property Services are delighted to market this spacious four bedroom detached family home. This stunning property is situated in one of Gidea Parks premier tree lined turnings within walking distance to Gidea Park station. Benefiting from two receptions rooms, fitted kitchen, 24 conservatory over looking the 80 rear garden and in/out driveway. The home has been lovingly maintained by its present owner and they have spent many happy years here.
Entrance
Via door to hallway, double glazed window to front aspect, range of power points, smooth coved ceiling, single radiator, dado rail and stairs to first floor.
Ground Floor WC 38x27 (1.12m x 0.79m)
Comprising low level w.c., wash hand basin with separate tap and tiled walls.
Reception One 1411x1111 (4.55m x 3.63m)
Double glazed bay window to front aspect, coving to ceiling, picture rail, dado rail, range of power points, brick built fireplace.
Reception Two 164x1111 (4.98m x 3.63m)
Double glazed window to side aspect, smooth coved ceiling, dado rail, double radiator, wall mounted fireplace and range of power points.
Conservatory 24x78 (7.32m x 2.34m)
Double glazed French doors and windows to rear aspect and garden, range of power points and tiled floor.
Kitchen 149x108 (4.50m x 3.25m)
Range of wall and base units, 1.5 sink and drainer unit with mixer tap, space for Range Master oven, integrated microwave, integrated dishwasher, part tiled walls, double radiator, range of power points, smooth coved ceiling with inset spot lights and understairs storage cupboard.
First Floor Landing
Stained glass window, dado rail, smooth coved ceiling, range of power points and loft access.
Bedroom One 165x10; to ward (5.00m x 0.25m)
Double glazed window to side aspect and double glazed window to rear aspect, dado rail, range of power points, double radiator and range of fitted wardrobes.
Bedroom Two 135x911 (4.09m x 3.02m)
Double glazed window to front aspect, range of power points, coving to ceiling, single radiator and range of fitted wardrobes.
Bedroom Three 108x711 (3.25m x 2.41m)
Double glazed window front aspect, single radiator, range of power points, smooth coved ceiling and double glazed window to side aspect.
Bedroom Four 108x811 (3.25m x 2.72m)
Double glazed window to front aspect, smooth coved ceiling, range of power points, double radiator and built-in wardrobe.
Bathroom 7x55 (2.13m x 1.65m)
Comprising panelled bath with separate tap, wash hand basin with separate tap and vanity unit, concealed w.c., tiled walls and floor, smooth ceiling with inset spot lights, heated towel rail and double glazed opaque window to side aspect.
Rear Garden 80x50 (24.38m x 15.24m)
South facing garden with patio area, outside tap, brick built utility area measuring (51x42).
Front Garden
In and out driveway, hardstanding for 3/4 vehicles.
Garage 1510x81 (4.83m x 2.46m)
Up and over doors, power and lighting.
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.
87 Park Lane, Hornchurch
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