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742 High Road, London
£650,000 Guide Price
Bedrooms
Bathrooms
Presenting this chain-free mid-terraced house boasts an enviable location within walking distance to Forest Gate Station and Wanstead Park Station, offering unrivalled connectivity to various destinations. Spanning three levels with a rear and loft extension, this property has been meticulously designed to provide optimum comfort and convenience.
Stepping inside, you are greeted by a spacious interior offering limitless possibilities. The ground floor features two reception rooms, providing ample space for relaxation, entertainment, and leisure.
Ascend the stairs to discover a total of five bedrooms spread across two levels, perfect for accommodating a growing family or hosting guests. Each bedroom offers a tranquil retreat for rest and relaxation, while the bathrooms boast contemporary fixtures and fittings.
Beyond its interior, this property shines as a great rental investment opportunity, promising lucrative returns for savvy investors. With its strategic location and desirable features, this mid-terraced house is poised to attract discerning tenants seeking a home that offers both convenience and charm.
In summation, this five-bedroom mid-terraced house is a rare gem in the bustling cityscape, offering a harmonious blend of modern living and connectivity. Whether you are looking to settle down in a vibrant neighbourhood or seeking a sound investment, this property ticks all the boxes and more. Dont miss out on the chance to own this exquisite residence and experience unparallelled living in this coveted location.
EPC Rating: D
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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