3 bedroom detached for sale

£399,995

3

Bedrooms

1

Bathrooms

Floorplan

Nearly 950sq ft with the Double Length Garage adding another 225sq ft, theres a deal to be done on this 3 Bedroom Detached Property, which is in need of modernisation but boasts an 82ft x 36ft Garden, a huge living room, big Kitchen/Diner, and enough room on the Front Drive for up to 6 cars!

A big plus point is the properties location, it is literally just up the road from Southend Airport, just a 9-10 minute stroll away - the Runway running parallel with this road, so no overhead planes!

It is incredibly well located, with in addition to the Airport, a local Co-op Supermarket and a Londis Convenience Store are both just up the road too - approx. 3-4 minute walk away, theres an Aldi 0.7 mile away and for big shops, Tesco Extra is only a 10 minute walk/2-3 minute by car.

Earls Hall Primary School is quite close too, at only 0.5 mile, as is Southend High School for Boys - an easy 10 minute walk for them, and Southend Hospital is also very nearby at 0.6 mile - a 10-12 minute walk.

Priory Park is within walking distance too - a 15 minute stroll and of course the Airport has its own Railway Station, whizzing you to London Liverpool Street in 52 minutes.


The Accommodation

PORCH

Well-lit courtesy of the twin glazed panels in the front door and the glazing surrounding it.

Tiled floor, light and then another door leading through to:


HALL 11ft 9' x 6ft (3.58m x 1.83m)

A nice central hall with a hardwearing tiled floor and a handy built-in cupboard housing the gas meter at the bottom and the electricity meter and fuse box at the top.


LOUNGE/DINER 22ft 8' x 13ft narrowing slightly to 12ft 6' (6.91m x 3.96m > 3.81m)

A notably spacious living room with a rear wall nearly all glass, maximising light flooding in from its West facing aspect.

There is an ornate Electric Fire Suite which incorporates a fan heater and light.


KITCHEN/DINER 15ft 1' x 11ft 4' (4.60m x 3.45m)

Increased in size courtesy of a previous extension, there is now plenty of room for a four-seater dining set as well as plenty of Maplewood effect kitchen units. which incorporate a built-in gas hob below an integrated extractor fan and a built-in double oven with grill.

Integrated within the units is a fridge/freezer and there is space for a washing machine. Another matching unit opens to reveal the fairly new Vaillant ecoTEC plus 825 gas combination boiler.

Lots of light comes in through the window above the 1.5 bowl sink and the glazed back door.


MASTER BEDROOM 13ft 3' x 12ft 5' (4.04m x 3.78m)

A lovely size principal bedroom with a front facing walk-in bay window.


BEDROOM TWO 10ft 2' x 8ft 7' (3.10m x 2.62m)

This space will take a double bed with ease and comes with a fitted single wardrobe with a cupboard above.


BEDROOM THREE 11ft 4' x 8ft 1' (3.45m x 2.46m)

Front facing bedroom with a built-in shelved cupboard.


BATHROOM 8ft 3' x 7ft (2.51m x 2.13m)

A really good size bathroom, big enough for both its full size bath and separate shower as well.
A side facing window provides lots of natural light.


GARAGE 29ft 7' x 7ft 7' (9m x 2.3m)

With an up and over garage door to the front, lockable rear courtesy door with adjacent window for natural light, and with lighting and power connected.


GARDEN 82ft x 36ft (25m x 11m)

Features of the garden include the silver birch at the end, a palm tree, and a flowering cherry tree along with various established shrubs and well-maintained smaller trees.

The large full width patio extends out some 15 feet (4.57m) from the house giving a great area for entertaining.

To the right are two old brick-built sheds providing great storage and a 98' x 53' (2.95m x 1.60m) shed. Theres also access on one side via a lockable gate to the front.



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

£ 332695.875

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
    £ 9999.875
  • 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

£ 32699.625
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    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

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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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