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£650,000
Bedrooms
Bathrooms
Nestled on Saville Road in the vibrant area of Romford, this impressive seven-bedroom end-of-terrace Victorian house offers a unique opportunity for both families and investors alike. Spanning an expansive 2,098 square feet, the property boasts a wealth of space and versatility, making it an ideal choice for those seeking a comfortable and accommodating home.
Upon entering, you are greeted by two generous reception rooms that provide ample space for relaxation and entertaining. The property features six well-appointed bathrooms, ensuring convenience for larger households or potential tenants. With three kitchens, the layout is particularly advantageous for those considering a House in Multiple Occupation (HMO) opportunity, subject to planning permission.
The home has been thoughtfully extended to the rear & side, enhancing the living space and creating a delightful conservatory that invites natural light and offers a serene view of the spacious rear garden. The utility room adds to the practicality of the home, making daily chores a breeze.
The loft has been converted, providing additional living space that can be tailored to your needs, whether as a bedroom, office, or playroom. The expansive rear garden is perfect for outdoor activities, gardening, or simply enjoying the fresh air.
This property not only presents a wonderful family home but also a promising investment opportunity in a sought-after location. With its blend of character, space, and potential, this Victorian house on Saville Road is a rare find that should not be missed.
Ground Floor -
Living Room - 4.06m x 3.43m (134 x 113 ) -
Dining Room - 3.58m x 3.61m (119 x 1110 ) -
Kitchen - 3.18m x 2.77m (105 x 91 ) -
Bedroom - 2.74m x 2.54m (90 x 84) -
Bathroom - 1.47m x 2.18m (410 x 72) -
Conservatory - 3.96m x 3.71m (130 x 122) -
Bedroom - 3.20m x 2.13m (106 x 70 ) -
Kitchen - 3.40m x 1.73m (112 x 58 ) -
Bathroom - 2.08m x 1.27m (610 x 42) -
First Floor -
Bedroom - 4.60m x 3.51m (151 x 116) -
Bedroom - 3.45m x 2.87m (114 x 95) -
Bedroom - 4.45m x 2.74m (147 x 90 ) -
Kitchen - 4.52m x 2.24m (1410 x 74) -
Bathroom - 1.75m x 1.47m (59 x 410) -
Bathroom - 2.41m x 0.64m (711 x 21) -
Bathroom - 1.70m x 1.60m (57 x 53) -
Utility - 1.75m x 1.47m (59 x 410 ) -
Second Floor -
Bedroom - 5.21m x 4.47m (171 x 148 ) -
Bathroom - 2.18m x 0.97m (72 x 32) -
Disclaimer:
All information provided in relation to this property does not constitute or form part of an offer or contract, nor may it be regarded as representations, they are to be used for marketing purposes only. All interested parties are responsible to verify accuracy and your solicitor must verify tenure/lease information, ground rent/service charges, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are tested and that they are necessarily in working order or fit for the purpose. Any costs occurred would be at the expense of the potential purchaser.
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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