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87 Park Lane, Hornchurch
£750,000
Bedrooms
Apple Property Services are delight to present this rare opportunity to live in this character style three bedroom halls adjoining semi-detached house located in a popular residential turning with the benefit of being opposite Upminster park. The property is only a few hundred yards from Upminster high street and all of its amenities.
Upminster is known for the quality of its schools and situated nearest the property is St. Josephs Catholic Primary School, Upminster Infant School, Sacred Heart of Mary Girls School and The Coopers Company and Coborn School, Further information can be sourced via (using the Postcode RM14).
Upminster town centre is within easy walking distance and provides a comprehensive range of shops including high street chains, Waitrose & Aldi supermarkets, M&S Simply Food and Roomes, the long established department store. There are also a good number of restaurants, cafes, coffee shops and Upminster library.
One of Upminsters main attractions to residents is its unbeatable commuter links. Fenchurch Street in the heart of the City can be reached in as little as 20 minutes via the c2c service from Upminster station, which is also served by the District Line. Travelling by road just 2 miles from the town centre will take you to J29 of the M25.
PROPERTY DETAILS:
ENTRANCE HALL:
Offering return staircase to first floor landing.
CLOAKROOM:
Vanity hand wash basin and low flush W/C.
LOUNGE: 16 X 1211 (measured into bay)
Situated to the front aspect this room allows ample natural light in through its stunning bay.
DINING ROOM: 14 X 129
Double glazed sliding patio doors leading to the rear garden.
FITTED KITCHEN: 154 X 105
A range of matching wall and base cabinets, glazed door leading to rear garden.
FIRST FLOOR LANDING:
Double glazed leaded light window to side, access to loft space, airing cupboard housing the lagged hot water cylinder.
BEDROOM ONE: 161 X 11 (measured from fitted wardrobes)
Double fitted wardrobes with full length doors, radiator, bay window to front.
BEDROOM TWO: 129 X 910
Radiator, double glazed window to rear.
BEDROOM THREE: 95 X 89
Radiator, double glazed leaded light window to front.
FAMILY BATHROOM/WC:
White and cream suite comprising panelled bath, pedestal wash basin, low flush W/C and shower cubicle fitted with a shower. Radiator/towel rail, inset ceiling lighting, ceramic tiled walls and flooring, two double glazed windows to rear.
OUTSIDE THE PROPERTY
The propertys mature rear garden benefits from a block-paved patio which leads to the lawn. There is an outside garden tap, lighting, personal door to garage and side access.
The garage measures approx. 185 X 83
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,243.50
Total Interest: £417,660.54
Overall Total: £1,167,660.54
Amortization For Monthly Payment: £3,243.50 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £23,779.19 | £15,142.83 | £734,857.17 |
| 2026 | £23,287.45 | £15,634.57 | £719,222.60 |
| 2027 | £22,779.74 | £16,142.28 | £703,080.31 |
| 2028 | £22,255.54 | £16,666.48 | £686,413.84 |
| 2029 | £21,714.32 | £17,207.70 | £669,206.14 |
| 2030 | £21,155.52 | £17,766.49 | £651,439.64 |
| 2031 | £20,578.58 | £18,343.43 | £633,096.21 |
| 2032 | £19,982.91 | £18,939.11 | £614,157.10 |
| 2033 | £19,367.89 | £19,554.13 | £594,602.97 |
| 2034 | £18,732.90 | £20,189.12 | £574,413.85 |
| 2035 | £18,077.28 | £20,844.73 | £553,569.11 |
| 2036 | £17,400.38 | £21,521.64 | £532,047.48 |
| 2037 | £16,701.50 | £22,220.52 | £509,826.96 |
| 2038 | £15,979.92 | £22,942.10 | £486,884.86 |
| 2039 | £15,234.91 | £23,687.11 | £463,197.75 |
| 2040 | £14,465.71 | £24,456.31 | £438,741.44 |
| 2041 | £13,671.52 | £25,250.50 | £413,490.95 |
| 2042 | £12,851.55 | £26,070.47 | £387,420.48 |
| 2043 | £12,004.95 | £26,917.07 | £360,503.41 |
| 2044 | £11,130.86 | £27,791.16 | £332,712.25 |
| 2045 | £10,228.38 | £28,693.64 | £304,018.61 |
| 2046 | £9,296.60 | £29,625.42 | £274,393.19 |
| 2047 | £8,334.55 | £30,587.46 | £243,805.73 |
| 2048 | £7,341.27 | £31,580.75 | £212,224.98 |
| 2049 | £6,315.73 | £32,606.28 | £179,618.69 |
| 2050 | £5,256.89 | £33,665.13 | £145,953.57 |
| 2051 | £4,163.67 | £34,758.35 | £111,195.22 |
| 2052 | £3,034.94 | £35,887.08 | £75,308.14 |
| 2053 | £1,869.56 | £37,052.46 | £38,255.68 |
| 2054 | £666.34 | £38,255.68 | £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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Sun Apr 27 2025
All confirmed! We look forward to speaking with you.
Sun Apr 27 2025
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