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£1,250,000 Guide Price
Bedrooms
Bathrooms
Key features:-
3,000 sq. ft of living space
Chain-Free
Parking for several cars
Fully refurbished and updated throughout
Six Bedrooms
Beautifully appointed bathrooms
Easy access to Goodmayes Station (overground rail)
Quiet, sought after location
Basement and loft space with conversion potential
Versatile Outbuilding
Possible use as two separate dwellings
Full description
Tenure: Freehold
A striking Victorian home with elegance, scale, and location in abundance.
Enjoying a handsome period facade, Bairstow Eves is favoured to offer this beautiful and extended six-bedroom Victorian residence which offers over 3,000 sq. ft of refined living accommodation across two levels.
Positioned enviably on Eastwood Road, just moments from Goodmayes Station (overground rail) - this is a rare opportunity to secure a truly exceptional family home in the heart of Ilford, with its access to preferred schooling and coveted lifestyle.
Boasting a wealth of original features, the current owners have spent a considerable amount of expenditure in refurbishment throughout creating the perfect home which balances period charm with modern elegance.
This stunning home now comprises a large rear extension to create a stunning kitchen/dining area with bi-folding doors to the garden, 6 bedrooms, three bathrooms, a useful utility room, a large private garden, further garden rooms with their own electrical supply, a basement and also the opportunity to extend further into the loft, subject to the usual planning permission.
The layout of the property means that it could easily be used as two dwellings : The main house with four bedrooms and the smaller mews house with two bedrooms. There is also off-street parking for several cars.
For easy access into Central London and beyond, Goodmayes Station (overground rail) is within easy walking distance.
Please contact our Sales Team to arrange a viewing.
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, Iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of 6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of 300 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
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.
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