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£550,000 Offers in excess of
Bedrooms
Bathrooms
CHAIN FREE- Superbly located in a quite turning offering easy access to both Chadwell Heath & Romford is this well presented bright and airy three/four bedroom extended end of terrace house. Internally the property boasts spacious living throughout the ground floor level which includes a through lounge, extended kitchen/diner, office room, utility room, fourth bedroom/reception room with ensuite W.C which includes plumbing for a shower. The first floor level includes three bedrooms and family bathroom. The loft has been lined out with storage built into the eves, previously used for a small multi gym. Externally the property further boasts a spacious rear garden with large shed at bottom with lots of potential to repurpose, off street parking for three vehicles. The property is offered to the market chain free and would make an ideal family home.
Being a corner plot its got great potential to further extend (2nd story to side & rear plus dorma and has previously had planning approved and first bricks laid. Subject to planning permission).
The rear garden outbuilding has electric and was once an American themed diner bar. Its currently used as car storage (accessed via the large gated fence to the side of the property).
Porch -
Hallway -
Lounge - 7.57m x 3.28m (2410 x 109) -
Office - 3.07m x 1.85m (101 x 61) -
Kitchen - 6.88m x 2.29m (227 x 76) -
Utility Room - 2.11m x 1.80m (611 x 511) -
Bedroom One - 3.94m x 3.12m (1211 x 103) -
Bedroom Two - 3.48m x 3.12m (115 x 103) -
Bedroom Three - 2.06m x 1.85m (69 x 61) -
First Floor Bathroom - 1.85m x 1.70m (61 x 57) -
Bedroom Four/ Reception Room - 3.86m x 2.11m (128 x 611) -
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.
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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