3 bedroom terraced for sale

£494,995

3

Bedrooms

1

Bathrooms

Floorplan

PORCH Storm porch, leading to

ENTRANCE HALL Double glazed door to front porch, leading to part glazed door front, leading to;

HALLWAY Double radiator, wood laminate flooring, power points, telephone point, understairs storage cupboard, housing electric meters, doors to;

THROUGH LOUNGE 22 7' x 11 19' (6.88m x 3.84m) Double glazed window to front bay, wood laminate flooring, 1 single, 1 double radiator, power points, built in storage cupboard.

KITCHEN 13 7' x 5 9' (4.14m x 1.75m) Double glazed window and door to rear, a range of wall and base units with roll edge work surfaces, 1/2 bowl sink drainer unit with mixer taps, wall mounted combi boiler(not tested), electric oven hob, plumber for washing machine, tiled splash backs, power points.

CONSERVATORY 9 12' x 3 14' (3.05m x 1.27m) Double glazed window and door to rear, power points.

GARDEN Aprox 55 feet, part paved, laid to lawn

BATHROOM 7 5' x 5 49' (2.26m x 2.77m) comprising of a four piece suite, low flush w/c, pedestal wash hand basin with mixer taps, paneled bath with mixer taps and shower attachment, shower cubical with mains shower, fully tilled walls and floor.

BEDROOM ONE 16 6' x 11 25' (5.03m x 3.99m) two double glazed windows to front, power points, double radiator, fitted wardrobes.

BEDROOM TWO 11 07' x 8 17' (3.53m x 2.87m) Double glazed window to rear, power points, double radiator.

BEDROOM THREE 8 67' x 7 64' (4.14m x 3.76m) Double glazed window to rear, power points, double radiator.

Nearest Stations:

0.39 miles
Goodmayes
0.69 miles
Seven Kings
0.84 miles
Newbury Park
0.9 miles
Chadwell Heath
1.33 miles
Barkingside

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

£ 411070.875

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
    £ 12374.875
  • 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

£ 39824.625
  • 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

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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