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£1,500,000 Offers over
Bedrooms
Bathrooms
Located within the highly sought-after Emerson Park area of Hornchurch, just 0.8 miles from Gidea Park Elizabeth Line station, is this substantial 7 bedroom detached house.
Amassing over 3,400 square foot of living accommodation spread across three floors, highlights include 2/3 reception rooms, 5 shower rooms, ground floor WC, integral garage, off street parking for several vehicles and an established, 98 rear garden.
The property currently has a substantial extension (367 x 217) at the rear, that is currently unfinished but offers huge potential to create an impressive open-plan kitchen / diner family and separate utility room.
Further features include:
Recently fitted electrical and security system.
Recently fitted heating system with 2 boilers.
All rooms have been plastered including the non completed rooms.
Upon entering the home, you are greeted with a welcoming hallway with stairs rising to the first floor.
Positioned on the right side of the home, drawing light from an attractive bay window to the front elevation, is the principal reception room. Measuring 148 x 11, the room enjoys neutral tones throughout.
On the left side, also at the front of the home, is the second reception space which measures 18 x 1011.
Further into the home is the kitchen which comprises numerous wall and base units, ample worktops and room for essential appliances.
Rounding off the ground floor footprint is the W/C.
Heading upstairs, spread across the two upper levels, there are a total of seven double bedrooms, three stunning en-suites, a fabulous family shower room and a further bathroom which isnt currently fitted but has all pipe work in place for a W/C, handbasin, and bath, plus electrics in place for underfloor heating.
Externally, to the front there is off street parking via the in and out driveway, access to the integral garage (228 x 7) and side access.
The established rear garden measures an impressive 98 and is predominately laid to lawn, neatly framed with a well manicured hedge border.
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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