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£600,000 Offers in excess of
Bedrooms
Nestled on the vibrant Clacton Road in London, this charming two-bedroom house being sold chain free presents an excellent opportunity for those seeking a comfortable and versatile living space. With its high ceilings, the property exudes a sense of openness and light, creating an inviting atmosphere that is perfect for both relaxation and entertaining. Viewings 26 January 2025
The location is truly exceptional, offering easy access to local amenities, transport links, and the lively culture that London has to offer. Whether you are a first-time buyer or looking to invest, this house is ideally situated to meet your needs.
One of the standout features of this property is its potential for conversion. With a little creativity and vision, the existing two bedrooms can be transformed into three, providing additional space for a growing family or guests. This flexibility makes it a fantastic choice for those who value both comfort and practicality.
In summary, this house on Clacton Road is not just a home; it is a canvas for your aspirations. With its excellent location, high ceilings, and the potential for expansion, it is a property that promises to meet the demands of modern living while offering the charm of a traditional London home. Dont miss the chance to make this delightful house your own. ( photographs taken pre tenants move in )
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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