4 bedroom detached for sale

£850,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Guide price 850,000-900,000 | Extended Family House | Four Bedrooms | Spacious Family Bathroom | En-Suite Shower Room | Potential for 2nd En-Suite | Cosy Lounge with Bay Window & Wood Burner | Dining Area | Living/Kitchen Area with Bi-Fold Doors | Attractive Rear Garden | Stroll to Walthamstow Wetlands | Close trendy Micro Breweries | Easy access to Blackhorse Road Station | Tree Lined Turning | Close Blackhorse Workshops |

Guide price 850,000-900,000. This charming deceptively spacious Victorian property is located on Lancaster Road in this popular area of Walthamstow. This delightful house boasts a cosy lounge with bay window and wood burner, separate dining room which in turn leads onto a generous living/kitchen space, giving access via full width bi-fold doors to the well tended rear garden, with 4 bedrooms and 2 bathrooms (plus potential for a third) there is ample space for the whole family to enjoy.

Spanning across three floors providing 1,130 sq ft of accommodation, this property offers a comfortable and spacious living environment, having been thoughtfully extended and modernised by the present vendors, providing well planned and fitted living accommodation.

The proximity to Blackhorse Road Station makes commuting a breeze, ensuring you are well-connected to the rest of London. For nature enthusiasts, the nearby Walthamstow Wetlands provides a serene escape from the hustle and bustle of city life. Additionally, the presence of microbreweries in the area offers a unique and trendy experience for those who appreciate craft beverages.

Blackhorse Workshops nearby provide a creative hub for those with artistic inclinations, adding a touch of inspiration to your daily life. The tree-lined turning outside the property adds to the picturesque charm of the neighbourhood, creating a peaceful and inviting atmosphere.

Dont miss out on the opportunity to make this house your home and experience the best of what Walthamstow has to offer. Contact us today to arrange a viewing and take the first step towards your new beginning in this wonderful property on Lancaster Road.

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

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£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 703950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 21250
  • 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

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£

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

£ 66450
  • 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
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  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • Final Equity Profit
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    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

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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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