2 bedroom terraced for sale

£710,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Charming Brick Fronted Victorian Home | South Facing Garden | Stones Throw From Village Green & Duck Pond | Short Walk to Queens Road Amenities & Central Line Station | Within Close Proximity of Local Schools, Including St Johns primary

Situated on the extremely sought-after Hills Road is this charming brick-fronted Victorian terraced home. Just a short walk away, you will find Buckhurst Hills Queens Road, boasting an array of boutique shops, cafs and Waitrose supermarket, together with the Central Line Station, giving you direct links into the City and West End. You will also find, just a stones throw away, the village green and duck pond, but one of the biggest draws to Hills Road is the proximity of the local schools, including St Johns primary. Whether it be state or private, primary or secondary, you will find easy access to all.

Curb appeal, character charm and spacious accommodation are just a few of the many things we love about this home. Internally, the current owner has been meticulously remodeling, creating a warm and inviting atmosphere, but there are still areas that offer potential to anyone who is looking for an opportunity to further enhance and put their own stamp on this beautiful home. The double reception has been opened up, creating a bright and spacious living/dining room with feature bay window complete with plantation shutters and restored floorboards. To the rear you will find the breakfast room, again complete with a bay window which leads into the kitchen. From here you have a convenient utility space, downstairs bathroom and access out to the south-facing rear garden. The first floor comprises two spacious double bedrooms and a family bathroom which is beautifully presented with a large walk-in shower and luxurious freestanding bath, with trendy black fittings. Further benefits include a loft room located on the second floor and a cellar, which are both perfect for storage or multi-use.



Features
  • Freehold

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

£ 588450

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
    £ 17750
  • 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

£ 55950
  • 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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