3 bedroom terraced for sale

£475,000 Offers in excess of

3

Bedrooms

1

Bathrooms

Floorplan

Important Notice: All best and final offers to be submitted by that 21st April. Please note that the listed price is a guide only, and we anticipate receiving significant interest, with the final sale price expected to exceed the guide. We urge interested buyers to submit their offers as soon as possible to avoid missing out on this fantastic opportunity.

ElliotLee are delighted to present this charming 3 bedroom terraced house, ideally situated in the sought-after area of Harrow. Boasting close proximity to local amenities, transportation hubs, and renowned schools, this property offers a perfect blend of convenience and comfort.

Upon entering, you are greeted by a well-appointed interior featuring three bedrooms, a generously sized reception room, a modern fitted kitchen with dining space, and a three-piece bathroom suite. Additional highlights include convenient street parking and a private rear garden, perfect for outdoor relaxation and entertainment.

Refurbished to a excellent standard, this property promises a contemporary lifestyle in a desirable location.

Conveniently located on Lorne Road, this property benefits from easy access to Harrow & Wealdstone town centre, where a plethora of amenities await, including shops, including a Waitrose Supermarket, as well as excellent schools and transportation links. Commuters will appreciate the proximity to Harrow & Wealdstone Tube Station (Bakerloo & Overground Line), along with swift bus services into London. For those traveling by car, the nearby M25, M40, and M1 motorways provide convenient connections to various destinations.

Dont miss the opportunity to experience the allure of this property firsthand. Contact ElliotLee Estate Agents today to schedule a viewing.

Please note, these particulars are provided as a general guide and do not constitute part of an offer or contract. All details are provided without any guarantee or responsibility.


EPC Rating: C

Features
  • Freehold

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

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11875
  • 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

£ 38325
  • 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

Adjust these figures

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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

Adjust these figures

  %

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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