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£1,300,000
Bedrooms
Bathrooms
EMERSON PARK, HORNCHURCH - FABULOUS LOCATION, detached 4 double bedroom house with a beautiful large rear garden, 3 reception rooms and 3 bathrooms. We are delighted to offer for sale this lovely family home, As you enter the property into the spacious hallway there is a ground
floor cloakroom and staircase leading to the first floor, further doors lead into the open plan 2 reception rooms which lead onto a further spacious lounge looking onto the garden. There is a fitted kitchen diner with doors leading out to the garden and a handy utility room. To the first floor the spacious main bedroom has built in wardrobes and dual aspect windows overlooking the rear garden and its own ensuite, another spacious bedroom with fitted wardrobes also has patio doors leading onto a rooftop decking area overlooking the lush green garden views. there are 2 further double bedrooms (one currently has a wheelchair accessible lift - which could be used or removed) There is also a family bathroom and loft access. To the front of the property is a carriage driveway and access to the detached garage and side access to the garden. The rear garden is something very special over120ft by far with mature border shrubs and lawn and a wooden summer cabana great for entertaining. The garage extends to the rear offering storage and workspace too and there is a further toilet which is useful for when having guests in the garden. This has been a great family home well loved and cared for over the years, may require some upgrading. The location and size of this plot is fantastic certainly not to be missed to arrange a viewing call
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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