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£800,000 Guide Price
Bedrooms
Bathrooms
We are pleased to offer for sale this Shepherd built semi-detached house. Occupying an enviable position overlooking the park this property would make an ideal family home.
As you enter into the property there is a spacious entrance hall leading to a through lounge. The property has a galley kitchen with a door leading to the side access and mature rear garden. The garden can also be accessed via patio doors from the reception room. The reception room has a lovely bay window letting in plenty of natural light and the owners have recently replaced the double glazed windows.
To the first floor there are three bedrooms and a family bathroom. The property has a front garden and beautifully maintained rear garden with patio area, flower and shrub borders and lawn area. There is a shed to the rear of the garden.
This property is located within walking distance of both South Woodford and Woodford Central Line stations along with an array of shops and amenities in George Lane and Woodford Broadway.
All forms of public transport are accessible including all major roads into London via the A406 and the M11.
Should schooling be a consideration, both well performing primary and secondary schools are located within close vicinity.
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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