4 bedroom detached for sale

£1,100,000

4

Bedrooms

2

Bathrooms

Floorplan

Sitting on the brough of the hill providing far reaching views over Pages Wood and beyond, sits this detached property. Being offered for sale for the first time in 30 years this substantial four-bedroom family home boasts a generous rear garden with a paddock beyond. The adjacent field has previously been rented from Havering Council and was used for access to the stables for ponies. The property is double-fronted and features a brick paved driveway, offering excellent kerb appeal and ample parking as well at access to the attached garage. Upon entering the home, you are welcomed by a spacious central hallway that provides access to all principal rooms. To the right, the formal dining room comfortably accommodates a large table and chairs, ideal for hosting dinner parties. Alternatively, this space could serve as a second reception room. The generous sized lounge is bathed in natural light due to its triple aspect offering uninterrupted garden views and there is a wood burner as a focal point for Winter nights. The kitchen/ breakfast also offers space for dining. The kitchen is fitted with a range of wall units and provides access through to a utility room, with a W.C. and the conservatory. Upstairs, the principal bedroom is notably spacious, with a full wall of fitted wardrobes and access to a modern, fully tiled en-suite shower room. Bedroom Two has extensive views over Pages Wood and there are further two bedrooms. The main family bathroom is equally well-appointed. There is a large stone patio immediately to the rear of the house, ideal for entertaining, with the remainder of the garden mainly laid to lawn and bordered by mature flowerbeds. Beyond the garden is the paddock with two stables, to the side is a gate providing access to the adjacent field. Beyond the paddock is an area previously utilized by the owners for keeping sheep and goats. This property makes a fabulous family home, the plot is exceptional, and the location offers excellent views all within walking distance of Harold Wood schools and Elizabeth Line station. Both The A127 and A12 along with the M25 are close bus, bus routes provide access into Harold Wood and Upminster. Viewings are highly recommended for buyers looking for a character property with a large plot.

Map location is not available for this property.

Mortgage Calculator

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 )

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

£ 906450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 27500
  • 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

£ 81450
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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