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£800,000 Offers in excess of
Bedrooms
Bathrooms
Located on the ever popular Laings development, Bairstow Eves are delighted to offer this four bedroomed semi detached house offering light accommodation throughout with the added advantage of its location backing the park.
Via the entrance hall, the ground floor accommodation comprises of two reception rooms, with the kitchen open plan to the rear reception area.
The first floor consists of three bedrooms and a family bathroom, leaving the loft room housing the main bedroom with an ensuite facility.
The rear garden begins with steps descending to an area neatly laid to lawn with mature shrub borders.
To the front aspect there is off street parking and an additional garden.
The other added advantage of this house is that it offers future extension potential subject to obtaining relevant planning consent.
This property is located within close proximity to South Woodford station along with an array of shops and amenities in George Lane, all forms of public transport are accessible including all major road links into London via the A406 and the M11.
Should schooling be a consideration, both well performing primary and secondary schools can be located within close proximity.
This property will also be offered chain free, so viewings are highly recommended to avoid disappointment.
Map location is not available for this property.
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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