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87 Park Lane, Hornchurch
£800,000
Bedrooms
NO ONWARD CHAIN
FIVE BEDROOM EXTENDED SEMI DETACHED FAMILY HOME
BOASTING OVER 2,000 SQ.FT. OF LIVING ACCOMMODATION
OFF STREET PARKING FOR MULTIPLE VEHICLES
80 REAR GARDEN WITH VIEWS OVERLOOKING FIELDS
22 OPEN PLAN KITCHEN/FAMILY ROOM
7 UTILITY ROOM
11 DINING ROOM
22 LIVING ROOM
12 MASTER BEDROOM WITH EN-SUITE
8 FAMILY BATHROOM/WC
SITUATED ON A BUS ROUTE PROVIDING EASY ACCESS TO UPMINSTER C2C/DISTRICT LINE STATION
OUTBUILDING/BAR AREA WITH SHOWER & STEAM ROOM
COUNCIL TAX BAND: F
Entrance via
Entrance door to:
Porch
7 x 34. Double glazed windows to both flanks, tiled flooring, door to:
Entrance Hall
Stairs to first floor, radiator, smooth ceiling, door to:
Dining Room
117 x 113. Double glazed window to front, radiator, wood effect flooring, smooth ceiling with cornice coving.
Kitchen/Family Area
225 x 17. Double glazed bi-fold door to rear leading to rear garden, range of base level units with Quartz work surfaces over, inset Butler sink unit with mixer tap, Range Master cooker with 5-ring gas hob and extractor hood over, integrated dishwasher, range of matching eye level cupboards, three feature radiators, tiled flooring, smooth ceiling with inset spotlights.
Utility Room
77 x 52. Double glazed window to rear, range of eye and base level units with work surfaces over, work surface with space for appliances under, inset sink drainer unit with mixer tap, wall mounted Vaillant combination boiler, smooth ceiling with inset spotlights.
Ground Floor Cloakroom
52 x 39. Obscure double glazed window to flank. Suite comprising: pedestal wash hand basin with mixer tap, low level wc. Heated towel rail, wood effect flooring, smooth ceiling with inset spotlights.
Living Room
22 x 15. Double glazed window to front, double glazed French doors leading to rear garden, radiator, wood effect flooring, smooth ceiling.
First Floor Landing
Access to loft, radiator, smooth ceiling, doors to accommodation.
Master Bedroom with En-Suite
BEDROOM: 122 x 121. Double glazed window to rear, fitted wardrobes, radiator, smooth ceiling, door to: EN-SUITE: 83 x 5. Suite comprising: shower cubicle with rain style shower head over, vanity wash hand basin with mixer tap, low level wc. Heated towel rail, tiled flooring, full complementary tiling, smooth ceiling with inset spotlights.
Bedroom Two
132 x 119. Double glazed window to front, radiator, smooth ceiling.
Bedroom Three
163 x 88. Double glazed windows to front and rear, fitted wardrobes, two radiators, smooth ceiling.
Bedroom Four
107 x 74. Double glazed window to front, radiator, smooth ceiling.
Bedroom Five
88 x 85. Double glazed window to rear, radiator, smooth ceiling with cornice coving.
Family Bathroom/wc
88 x 55. Obscure double glazed window to rear. Suite comprising: bath with multi-jets, mixer tap and wall mounted shower, vanity wash hand basin with mixer tap, low level wc. Heated towel rail, tiled flooring, smooth ceiling with inset spotlights.
Rear Garden
80 approx. Commencing patio area, remainder laid to lawn, access to garage.
Outbuilding/Bar
184 x 89. Double glazed windows to rear and flank, fitted units and bar area, power and lighting connected, smooth ceiling with inset spotlights. STEAM ROOM/SHOWER ROOM: 41 x 37.
Garage/Gym
159 x 83. Power and lighting connected.
Front of Property
50 frontage. Block paved providing off street parking for five vehicles.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,459.73
Total Interest: £445,504.57
Overall Total: £1,245,504.57
Amortization For Monthly Payment: £3,459.73 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £25,364.47 | £16,152.35 | £783,847.65 |
| 2026 | £24,839.94 | £16,676.88 | £767,170.77 |
| 2027 | £24,298.38 | £17,218.43 | £749,952.34 |
| 2028 | £23,739.24 | £17,777.58 | £732,174.76 |
| 2029 | £23,161.94 | £18,354.88 | £713,819.88 |
| 2030 | £22,565.89 | £18,950.93 | £694,868.95 |
| 2031 | £21,950.49 | £19,566.33 | £675,302.62 |
| 2032 | £21,315.10 | £20,201.72 | £655,100.91 |
| 2033 | £20,659.08 | £20,857.74 | £634,243.17 |
| 2034 | £19,981.76 | £21,535.06 | £612,708.10 |
| 2035 | £19,282.44 | £22,234.38 | £590,473.72 |
| 2036 | £18,560.41 | £22,956.41 | £567,517.31 |
| 2037 | £17,814.93 | £23,701.89 | £543,815.42 |
| 2038 | £17,045.25 | £24,471.57 | £519,343.85 |
| 2039 | £16,250.57 | £25,266.25 | £494,077.60 |
| 2040 | £15,430.09 | £26,086.73 | £467,990.87 |
| 2041 | £14,582.96 | £26,933.86 | £441,057.01 |
| 2042 | £13,708.32 | £27,808.50 | £413,248.51 |
| 2043 | £12,805.28 | £28,711.54 | £384,536.97 |
| 2044 | £11,872.91 | £29,643.90 | £354,893.06 |
| 2045 | £10,910.27 | £30,606.55 | £324,286.52 |
| 2046 | £9,916.37 | £31,600.45 | £292,686.07 |
| 2047 | £8,890.19 | £32,626.63 | £260,059.44 |
| 2048 | £7,830.69 | £33,686.13 | £226,373.31 |
| 2049 | £6,736.78 | £34,780.04 | £191,593.27 |
| 2050 | £5,607.35 | £35,909.47 | £155,683.81 |
| 2051 | £4,441.24 | £37,075.57 | £118,608.23 |
| 2052 | £3,237.27 | £38,279.55 | £80,328.68 |
| 2053 | £1,994.20 | £39,522.62 | £40,806.06 |
| 2054 | £710.76 | £40,806.06 | £0.00 |
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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Fri May 09 2025
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Fri May 09 2025
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