2 bedroom flat for sale

£350,000 Guide Price

2

Bedrooms

1

Bathrooms

Welcome to St. Antonys Road, London, E7, where a fantastic opportunity awaits you. This charming 2 bedroom, 1bathroom first floor is a blend of character and modern convenience, offering a delightful living experience. Situated on the 1st floor, this property presents a great investment potential with a good rental yield, making it an ideal choice for both homebuyers and investors.

The flat features a fitted kitchen, spacious bedrooms, and is just a short walk to Upton Park Station, providing easy access into central London. The location is perfect for those seeking convenience, being close to all shops and amenities, and next to Green Lane E7. The property is within close proximity to a variety of supermarkets, restaurants, and public transport stops, enhancing its appeal for residents.

For families, the property is surrounded by the most popular primary schools within a short distance, including St. Helens Catholic Primary School (0.5km), Sir John Heron Primary School (0.8km), and Lathom Junior School (1.2km). Additionally, the closest secondary schools are Plashet School (0.7km), Sarah Bonnell School (1.1km), and Forest Gate Community School (1.4km). For higher education, Newham College (1.3km), University of East London (3.2km), and Birkbeck, University of London (6.5km) are easily accessible.

Residents can also enjoy the proximity to various amenities such as supermarkets, restaurants, hospitals, pharmacies, fitness clubs, nightlife spots, cinemas, parks, recreation areas, post offices, libraries, and natural tourist attractions. The property is conveniently located near a range of leisure and entertainment options, making it an attractive choice for a vibrant lifestyle.

Dont miss the chance to view this exceptional property and embrace the opportunity to reside in a prosperous and vibrant area. Schedule a viewing today to experience the unique advantages and convenience this apartment offers.

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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

£ 291450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 8750
  • 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

£ 28950
  • 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

  %
  %
£
  %

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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