4 bedroom detached for sale

£650,000 Offers in excess of

4

Bedrooms

2

Bathrooms

Floorplan

Well-presented 4-bedroom detached house, in the heart of Chafford. Situated with a range of amenities nearby and close proximity to Tudor Court Primary School, while still being close by to other local schools.

When you enter the property, you are welcomed by a sizable hallway and WC, with a well-lit dining room to the right and a generous lounge to the left leading to a bright conservatory. A well-kept kitchen with loads of work top space to the rear leading to a useful utility room.

Upstairs you are greeted by 4 double bedrooms, with the main bedroom benefiting from an En-suite with a walk in shower. The family bathroom has both bath and separate shower, ideal for all. The large loft is partially boarded and offers loads of space for storage.

The exterior of the property offers a wide, well-maintained garden with a greenhouse and double width garage to the front with ample parking. For commuters you have easy access to the A13 and station is 1.3 miles away.

Mortgage Calculator

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

Monthly Payment: £2,811.03

Total Interest: £361,972.46

Overall Total: £1,011,972.46

Amortization For Monthly Payment: £2,811.03 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£20,608.63 £13,123.79 £636,876.21 
2026£20,182.45 £13,549.96 £623,326.25 
2027£19,742.44 £13,989.98 £609,336.27 
2028£19,288.13 £14,444.28 £594,891.99 
2029£18,819.08 £14,913.34 £579,978.65 
2030£18,334.79 £15,397.63 £564,581.02 
2031£17,834.77 £15,897.64 £548,683.38 
2032£17,318.52 £16,413.90 £532,269.49 
2033£16,785.50 £16,946.91 £515,322.57 
2034£16,235.18 £17,497.24 £497,825.34 
2035£15,666.98 £18,065.44 £479,759.90 
2036£15,080.33 £18,652.08 £461,107.82 
2037£14,474.63 £19,257.78 £441,850.03 
2038£13,849.26 £19,883.15 £421,966.88 
2039£13,203.59 £20,528.83 £401,438.05 
2040£12,536.94 £21,195.47 £380,242.58 
2041£11,848.65 £21,883.76 £358,358.82 
2042£11,138.01 £22,594.41 £335,764.41 
2043£10,404.29 £23,328.13 £312,436.29 
2044£9,646.74 £24,085.67 £288,350.62 
2045£8,864.60 £24,867.82 £263,482.80 
2046£8,057.05 £25,675.37 £237,807.43 
2047£7,223.28 £26,509.13 £211,298.30 
2048£6,362.44 £27,369.98 £183,928.32 
2049£5,473.64 £28,258.78 £155,669.54 
2050£4,555.97 £29,176.44 £126,493.09 
2051£3,608.51 £30,123.90 £96,369.19 
2052£2,630.28 £31,102.13 £65,267.05 
2053£1,620.29 £32,112.13 £33,154.92 
2054£577.49 £33,154.92 £0.00 

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

£ 526,450

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 35,474

Cumulative Rental Profit

£ 354,738

Cost of Purchase

£ 38,950
  • Stamp Duty
    £ 20,000

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

  • Refurbishment Budget
    £ 16,250
  • 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

£ 42,526
  • Mortgage Interest
    £ 23,690

    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)
    £ 10,296
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,800
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 724,569
  • Final Equity Profit
    £ 369,832

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

  • Cumulative Rental Profit
    £ 354,738

    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

£ 1,058,782

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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