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£750,000 Guide Price
Bedrooms
Bathrooms
New to the market is this spacious three bedroom three bathroom house, situated in a private gated residential development with a well maintained landscaped communal garden in Lockesfield Place E14.
The property comprises of a spacious open plan living/dining area that leads to the back patio via the bi-folding doors and benefits from ample natural light.
The upper floor comprises of three bedrooms and a family bathroom with wooden flooring in each bedroom.
The main bedroom benefitting from the ensuite bathroom and fitted wardrobes.
With a very reasonable service charge of approximately 1,140 per year, this property is ideal for any buy-to-let investor.
Likewise this would be a great first time home for a family as the property is situated in an excellent catchment area for nearby schools/colleges.
Lockesfield Place is located inbetween two DLR stations, Mudchute and Island Gardens, giving you fast connections to Canary Wharf Underground station (Zone 2) which is served by the Jubilee line and the new Elizabeth line, providing passengers with easy access to London Bridge and beyond. Canary Wharf is well connected and is a short distance from London City Airport.
Call our Sales Team now to arrange a viewing.
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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