3 bedroom detached for sale

£625,000

3

Bedrooms

1

Bathrooms

Floorplan

DEVELOPMENT OPPORTUNITY- Rarely do we have properties with this much potential. Large 3 bed detached bungalow on sizable plot in Collier Row. With front and side access, scope to re develop or extend out and up! You decide! Great location, close to shops, schools and transport links. Available now for viewings, call for your appointment.

PREVIOUS PLANNING APPROVAL FOR SEPARATE ANNEXE

Paved driveway for off street parking for up to 4 cars, UPVC porch, door into

Hallway- painted walls, laminate flooring, radiator doors to

Bedroom 1- 109 x 151- fitted carpet, painted walls, double glazed bay window to front aspect, radiator,

Bedroom 2- 101 x 1410- fitted carpet, painted walls, double glazed bay window to front aspect, radiator,

Bathroom- low level w/c, paneled bath with shower over, double glazed window to side elevation, hand basin, tiled floor, tiled walls

Lounge /diner -257 x 231- fitted carpet, double glazed window to rear aspect, door into

Bedroom 3/ second reception- 141 x 151- laminate flooring, painted walls, double glazed window to side elevation

Kitchen- 249 x 91- range of eye and base level units, double glazed window to side and rear aspect, space for washing machine, integrated fridge/freezer, gas cooker, vinyl flooring, loft access, UPVC door into

Rear garden- Paved patio area, paved path to both sides to front aspect, steps up to lawn area, access to summer house and paved driveway for off street parking accessed by gates in Mowbrays Road








Whilst Baker Estates (Hainault) Ltd, trading as Baker Estates (We, Us, Our) make every reasonable effort to ensure that all content provided on this website is accurate and current, this is not guaranteed. It is not intended as advice. We reserve the right to make amendments without notice in the pursuit of accuracy and transparency. We accept no liability for any losses resulting from any party relying upon content provided by Us, or from the use, inability to use, or functionality of the website.
Before making any financial outlay, commitment, or journeys to view properties, you should confirm their availability and verify any material information, particularly the construction type and current asking price. Queries regarding a property should be addressed directly to Us and We will be happy to assist.
Our landlord and tenant fees can be found on our website

Codes of practice

We are a member of The Property Ombudsman Scheme (TPOS) and subscribe to its Code of Practice and complaints procedure, details of which can be obtained from our office or at TPOS website. Our membership number is D11529.

Our complaints procedure can be found on our website.
We are a member of NAEA Propertymark and the Propertymark Client Money Protection Scheme.

Baker Estates (Hainault) Ltd. Company No 08872286. Registered Office: 223 New North Road, Hainault IG6 3AG



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 49575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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